Voneseals Technology (Shanghai) Balance Sheet Health
Financial Health criteria checks 6/6
Voneseals Technology (Shanghai) has a total shareholder equity of CN¥1.1B and total debt of CN¥102.5M, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are CN¥1.5B and CN¥413.4M respectively. Voneseals Technology (Shanghai)'s EBIT is CN¥77.4M making its interest coverage ratio -31.6. It has cash and short-term investments of CN¥366.7M.
Key information
9.3%
Debt to equity ratio
CN¥102.50m
Debt
| Interest coverage ratio | -31.6x |
| Cash | CN¥366.74m |
| Equity | CN¥1.10b |
| Total liabilities | CN¥413.41m |
| Total assets | CN¥1.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301161's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥242.2M).
Long Term Liabilities: 301161's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥171.2M).
Debt to Equity History and Analysis
Debt Level: 301161 has more cash than its total debt.
Reducing Debt: 301161's debt to equity ratio has reduced from 14.6% to 9.3% over the past 5 years.
Debt Coverage: 301161's debt is well covered by operating cash flow (50.1%).
Interest Coverage: 301161 earns more interest than it pays, so coverage of interest payments is not a concern.