WPG (Shanghai) Smart Water PublicLtd Balance Sheet Health
Financial Health criteria checks 3/6
WPG (Shanghai) Smart Water PublicLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥640.2M, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are CN¥3.4B and CN¥1.4B respectively. WPG (Shanghai) Smart Water PublicLtd's EBIT is CN¥5.0M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥557.7M.
Key information
32.0%
Debt to equity ratio
CN¥640.17m
Debt
Interest coverage ratio | 0.7x |
Cash | CN¥557.70m |
Equity | CN¥2.00b |
Total liabilities | CN¥1.37b |
Total assets | CN¥3.37b |
Financial Position Analysis
Short Term Liabilities: 603956's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥920.6M).
Long Term Liabilities: 603956's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥446.8M).
Debt to Equity History and Analysis
Debt Level: 603956's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: 603956's debt to equity ratio has increased from 1.8% to 32% over the past 5 years.
Debt Coverage: 603956's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603956's interest payments on its debt are not well covered by EBIT (0.7x coverage).