Wetown Electric Group Balance Sheet Health
Financial Health criteria checks 3/6
Wetown Electric Group has a total shareholder equity of CN¥1.2B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 131.7%. Its total assets and total liabilities are CN¥4.0B and CN¥2.8B respectively. Wetown Electric Group's EBIT is CN¥247.1M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥245.4M.
Key information
131.7%
Debt to equity ratio
CN¥1.55b
Debt
| Interest coverage ratio | 6.8x |
| Cash | CN¥245.41m |
| Equity | CN¥1.17b |
| Total liabilities | CN¥2.83b |
| Total assets | CN¥4.00b |
Recent financial health updates
No updates
Recent updates
Even With A 32% Surge, Cautious Investors Are Not Rewarding Wetown Electric Group Co., Ltd.'s (SHSE:688226) Performance Completely
Dec 16
We Think That There Are Some Issues For Wetown Electric Group (SHSE:688226) Beyond Its Promising Earnings
Nov 04Wetown Electric Group Co., Ltd.'s (SHSE:688226) Shares Not Telling The Full Story
Sep 30Investors Give Wetown Electric Group Co., Ltd. (SHSE:688226) Shares A 28% Hiding
Jun 27Wetown Electric Group Co., Ltd.'s (SHSE:688226) Shares Leap 32% Yet They're Still Not Telling The Full Story
May 13Wetown 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¥3.1B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 688226's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥382.5M).
Debt to Equity History and Analysis
Debt Level: 688226's net debt to equity ratio (110.8%) is considered high.
Reducing Debt: 688226's debt to equity ratio has increased from 36.8% to 131.7% 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 (6.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 14:38 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Wetown Electric Group Co., Ltd. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yongkang Deng | Minsheng Securities Co. |
| Xiaoya Sun | Tianfeng Securities Brokerage Co., Ltd |