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¥5.7B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 31.1%. Its total assets and total liabilities are CN¥9.6B and CN¥3.9B respectively. ShenZhen Woer Heat-Shrinkable MaterialLtd's EBIT is CN¥1.0B making its interest coverage ratio 36.5. It has cash and short-term investments of CN¥1.2B.
Key information
31.1%
Debt to equity ratio
CN¥1.76b
Debt
| Interest coverage ratio | 36.5x |
| Cash | CN¥1.20b |
| Equity | CN¥5.67b |
| Total liabilities | CN¥3.94b |
| Total assets | CN¥9.61b |
Recent financial health updates
ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130) Has A Rock Solid Balance Sheet
Oct 13
ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130) Seems To Use Debt Rather Sparingly
Jun 26Recent updates
ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130) Has A Rock Solid Balance Sheet
Oct 13Not Many Are Piling Into ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (SZSE:002130) Stock Yet As It Plummets 28%
Sep 16When Should You Buy ShenZhen Woer Heat-Shrinkable Material Co.,Ltd. (SZSE:002130)?
Aug 11Returns At ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130) Are On The Way Up
Jul 26ShenZhen Woer Heat-Shrinkable MaterialLtd (SZSE:002130) Seems To Use Debt Rather Sparingly
Jun 26We 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¥5.1B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002130's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002130's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: 002130's debt to equity ratio has reduced from 85.6% to 31.1% over the past 5 years.
Debt Coverage: 002130's debt is well covered by operating cash flow (44.7%).
Interest Coverage: 002130's interest payments on its debt are well covered by EBIT (36.5x coverage).