Hubei W-olf Photoelectric Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hubei W-olf Photoelectric Technology has a total shareholder equity of CN¥1.8B and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥2.0B and CN¥200.3M respectively. Hubei W-olf Photoelectric Technology's EBIT is CN¥19.3M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥1.1B.
Key information
0.6%
Debt to equity ratio
CN¥10.00m
Debt
Interest coverage ratio | -0.6x |
Cash | CN¥1.08b |
Equity | CN¥1.81b |
Total liabilities | CN¥200.35m |
Total assets | CN¥2.01b |
Financial Position Analysis
Short Term Liabilities: 002962's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥156.8M).
Long Term Liabilities: 002962's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥43.5M).
Debt to Equity History and Analysis
Debt Level: 002962 has more cash than its total debt.
Reducing Debt: 002962's debt to equity ratio has reduced from 0.8% to 0.6% over the past 5 years.
Debt Coverage: 002962's debt is well covered by operating cash flow (1479.6%).
Interest Coverage: 002962 earns more interest than it pays, so coverage of interest payments is not a concern.