ShenZhen Woer Heat-Shrinkable MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
ShenZhen Woer Heat-Shrinkable MaterialLtd has a total shareholder equity of CN¥5.6B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 26.4%. Its total assets and total liabilities are CN¥9.2B and CN¥3.6B respectively. ShenZhen Woer Heat-Shrinkable MaterialLtd's EBIT is CN¥988.5M making its interest coverage ratio 27.9. It has cash and short-term investments of CN¥1.1B.
Key information
26.4%
Debt to equity ratio
CN¥1.49b
Debt
| Interest coverage ratio | 27.9x |
| Cash | CN¥1.06b |
| Equity | CN¥5.64b |
| Total liabilities | CN¥3.57b |
| Total assets | CN¥9.22b |
Recent financial health updates
Recent updates
ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130) Seems To Use Debt Rather Sparingly
Jun 26
We Ran A Stock Scan For Earnings Growth And ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130) Passed With Ease
Jun 10ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130) Is Increasing Its Dividend To CN¥0.17
May 24Even With A 68% Surge, Cautious Investors Are Not Rewarding ShenZhen Woer Heat-Shrinkable Material Co.,Ltd.'s (SZSE:002130) Performance Completely
Apr 19Is There Now An Opportunity In ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (SZSE:002130)?
Apr 05ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (SZSE:002130) Shares Fly 27% But Investors Aren't Buying For Growth
Mar 04Returns On Capital Are Showing Encouraging Signs At ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130)
Feb 27Financial Position Analysis
Short Term Liabilities: 002130's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 002130's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥944.6M).
Debt to Equity History and Analysis
Debt Level: 002130's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: 002130's debt to equity ratio has reduced from 76.9% to 26.4% over the past 5 years.
Debt Coverage: 002130's debt is well covered by operating cash flow (52.2%).
Interest Coverage: 002130's interest payments on its debt are well covered by EBIT (27.9x coverage).