Bichamp Cutting Technology (Hunan) Balance Sheet Health
Financial Health criteria checks 5/6
Bichamp Cutting Technology (Hunan) has a total shareholder equity of CN¥1.5B and total debt of CN¥342.2M, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CN¥2.7B and CN¥1.2B respectively. Bichamp Cutting Technology (Hunan)'s EBIT is CN¥106.4M making its interest coverage ratio 9.3. It has cash and short-term investments of CN¥712.5M.
Key information
22.7%
Debt to equity ratio
CN¥342.19m
Debt
Interest coverage ratio | 9.3x |
Cash | CN¥712.54m |
Equity | CN¥1.51b |
Total liabilities | CN¥1.19b |
Total assets | CN¥2.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002843's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥939.6M).
Long Term Liabilities: 002843's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥254.4M).
Debt to Equity History and Analysis
Debt Level: 002843 has more cash than its total debt.
Reducing Debt: 002843's debt to equity ratio has increased from 5.7% to 22.7% over the past 5 years.
Debt Coverage: 002843's debt is well covered by operating cash flow (36.1%).
Interest Coverage: 002843's interest payments on its debt are well covered by EBIT (9.3x coverage).