Zhejiang Weigang Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Weigang Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥89.0M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are CN¥1.4B and CN¥282.6M respectively. Zhejiang Weigang Technology's EBIT is CN¥70.5M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥304.3M.
Key information
7.9%
Debt to equity ratio
CN¥88.99m
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥304.29m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥282.60m |
| Total assets | CN¥1.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001256's short term assets (CN¥695.1M) exceed its short term liabilities (CN¥268.9M).
Long Term Liabilities: 001256's short term assets (CN¥695.1M) exceed its long term liabilities (CN¥13.7M).
Debt to Equity History and Analysis
Debt Level: 001256 has more cash than its total debt.
Reducing Debt: 001256's debt to equity ratio has increased from 0% to 7.9% over the past 5 years.
Debt Coverage: 001256's debt is well covered by operating cash flow (137%).
Interest Coverage: 001256 earns more interest than it pays, so coverage of interest payments is not a concern.