Suzhou Veichi Electric Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Veichi Electric has a total shareholder equity of CN¥2.0B and total debt of CN¥21.4M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CN¥2.7B and CN¥718.4M respectively. Suzhou Veichi Electric's EBIT is CN¥174.8M making its interest coverage ratio -11. It has cash and short-term investments of CN¥254.6M.
Key information
1.1%
Debt to equity ratio
CN¥21.40m
Debt
Interest coverage ratio | -11x |
Cash | CN¥254.62m |
Equity | CN¥2.00b |
Total liabilities | CN¥718.43m |
Total assets | CN¥2.72b |
Recent financial health updates
No updates
Recent updates
Suzhou Veichi Electric (SHSE:688698) Shareholders Should Be Cautious Despite Solid Earnings
Apr 23Suzhou Veichi Electric (SHSE:688698) Might Be Having Difficulty Using Its Capital Effectively
Mar 31There's Reason For Concern Over Suzhou Veichi Electric Co., Ltd.'s (SHSE:688698) Massive 27% Price Jump
Mar 04Should You Be Adding Suzhou Veichi Electric (SHSE:688698) To Your Watchlist Today?
Mar 01Financial Position Analysis
Short Term Liabilities: 688698's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥687.9M).
Long Term Liabilities: 688698's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥30.5M).
Debt to Equity History and Analysis
Debt Level: 688698 has more cash than its total debt.
Reducing Debt: 688698's debt to equity ratio has reduced from 51.1% to 1.1% over the past 5 years.
Debt Coverage: 688698's debt is well covered by operating cash flow (34.8%).
Interest Coverage: 688698 earns more interest than it pays, so coverage of interest payments is not a concern.