Beijing Worldia Diamond ToolsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Beijing Worldia Diamond ToolsLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥75.0M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are CN¥2.2B and CN¥260.3M respectively. Beijing Worldia Diamond ToolsLtd's EBIT is CN¥136.5M making its interest coverage ratio 179.2. It has cash and short-term investments of CN¥244.0M.
Key information
3.9%
Debt to equity ratio
CN¥74.96m
Debt
Interest coverage ratio | 179.2x |
Cash | CN¥243.99m |
Equity | CN¥1.94b |
Total liabilities | CN¥260.31m |
Total assets | CN¥2.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688028's short term assets (CN¥787.7M) exceed its short term liabilities (CN¥158.8M).
Long Term Liabilities: 688028's short term assets (CN¥787.7M) exceed its long term liabilities (CN¥101.5M).
Debt to Equity History and Analysis
Debt Level: 688028 has more cash than its total debt.
Reducing Debt: 688028's debt to equity ratio has increased from 0.9% to 3.9% over the past 5 years.
Debt Coverage: 688028's debt is well covered by operating cash flow (132.8%).
Interest Coverage: 688028's interest payments on its debt are well covered by EBIT (179.2x coverage).