Suzhou Veichi Electric Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Veichi Electric has a total shareholder equity of CN¥2.1B and total debt of CN¥4.2M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥2.9B and CN¥790.7M respectively. Suzhou Veichi Electric's EBIT is CN¥220.0M making its interest coverage ratio -8.2. It has cash and short-term investments of CN¥327.5M.
Key information
0.2%
Debt to equity ratio
CN¥4.23m
Debt
| Interest coverage ratio | -8.2x |
| Cash | CN¥327.47m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥790.65m |
| Total assets | CN¥2.89b |
Recent financial health updates
Recent updates
We Think You Should Be Aware Of Some Concerning Factors In Suzhou Veichi Electric's (SHSE:688698) Earnings
Nov 11
A Piece Of The Puzzle Missing From Suzhou Veichi Electric Co., Ltd.'s (SHSE:688698) 48% Share Price Climb
Oct 09Is Now The Time To Put Suzhou Veichi Electric (SHSE:688698) On Your Watchlist?
Sep 28Capital Allocation Trends At Suzhou Veichi Electric (SHSE:688698) Aren't Ideal
Aug 28Is Suzhou Veichi Electric (SHSE:688698) A Risky Investment?
Jul 01Suzhou Veichi Electric Co., Ltd. (SHSE:688698) Not Flying Under The Radar
Jun 04Suzhou 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¥1.6B) exceed its short term liabilities (CN¥758.0M).
Long Term Liabilities: 688698's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥32.6M).
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 38.4% to 0.2% over the past 5 years.
Debt Coverage: 688698's debt is well covered by operating cash flow (3286.8%).
Interest Coverage: 688698 earns more interest than it pays, so coverage of interest payments is not a concern.