Shanghai Weihong Electronic Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Weihong Electronic Technology has a total shareholder equity of CN¥716.9M and total debt of CN¥920.8K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥892.1M and CN¥175.2M respectively. Shanghai Weihong Electronic Technology's EBIT is CN¥42.9M making its interest coverage ratio 73.1. It has cash and short-term investments of CN¥178.2M.
Key information
0.1%
Debt to equity ratio
CN¥920.80k
Debt
Interest coverage ratio | 73.1x |
Cash | CN¥178.21m |
Equity | CN¥716.89m |
Total liabilities | CN¥175.22m |
Total assets | CN¥892.12m |
Financial Position Analysis
Short Term Liabilities: 300508's short term assets (CN¥414.9M) exceed its short term liabilities (CN¥171.1M).
Long Term Liabilities: 300508's short term assets (CN¥414.9M) exceed its long term liabilities (CN¥4.2M).
Debt to Equity History and Analysis
Debt Level: 300508 has more cash than its total debt.
Reducing Debt: 300508's debt to equity ratio has reduced from 7.9% to 0.1% over the past 5 years.
Debt Coverage: 300508's debt is well covered by operating cash flow (7442.7%).
Interest Coverage: 300508's interest payments on its debt are well covered by EBIT (73.1x coverage).