Wetown Electric Group Balance Sheet Health
Financial Health criteria checks 3/6
Wetown Electric Group has a total shareholder equity of CN¥1.1B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 122.7%. Its total assets and total liabilities are CN¥3.5B and CN¥2.4B respectively. Wetown Electric Group's EBIT is CN¥223.5M making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥318.3M.
Key information
122.7%
Debt to equity ratio
CN¥1.38b
Debt
| Interest coverage ratio | 6.6x |
| Cash | CN¥318.31m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥2.36b |
| Total assets | CN¥3.49b |
Recent financial health updates
No updates
Recent updates
Wetown Electric Group Co., Ltd.'s (SHSE:688226) Shares Leap 32% Yet They're Still Not Telling The Full Story
May 13
Wetown Electric Group (SHSE:688226) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 03Wetown Electric Group Co., Ltd.'s (SHSE:688226) Shares Leap 27% Yet They're Still Not Telling The Full Story
Mar 11Financial Position Analysis
Short Term Liabilities: 688226's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 688226's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥322.5M).
Debt to Equity History and Analysis
Debt Level: 688226's net debt to equity ratio (94.5%) is considered high.
Reducing Debt: 688226's debt to equity ratio has increased from 43% to 122.7% over the past 5 years.
Debt Coverage: 688226's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688226's interest payments on its debt are well covered by EBIT (6.6x coverage).