Weichai Heavy Machinery Balance Sheet Health
Financial Health criteria checks 5/6
Weichai Heavy Machinery has a total shareholder equity of CN¥2.0B and total debt of CN¥539.9K, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are CN¥5.5B and CN¥3.5B respectively. Weichai Heavy Machinery's EBIT is CN¥45.4M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥2.3B.
Key information
0.03%
Debt to equity ratio
CN¥539.85k
Debt
Interest coverage ratio | -1.3x |
Cash | CN¥2.28b |
Equity | CN¥1.97b |
Total liabilities | CN¥3.51b |
Total assets | CN¥5.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000880's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 000880's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥310.4M).
Debt to Equity History and Analysis
Debt Level: 000880 has more cash than its total debt.
Reducing Debt: 000880's debt to equity ratio has increased from 0% to 0.03% over the past 5 years.
Debt Coverage: 000880's debt is well covered by operating cash flow (73862.3%).
Interest Coverage: 000880 earns more interest than it pays, so coverage of interest payments is not a concern.