Xiamen Voke Mold & Plastic Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen Voke Mold & Plastic Engineering has a total shareholder equity of CN¥3.1B and total debt of CN¥47.6M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥3.7B and CN¥523.4M respectively. Xiamen Voke Mold & Plastic Engineering's EBIT is CN¥123.3M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥1.1B.
Key information
1.5%
Debt to equity ratio
CN¥47.56m
Debt
Interest coverage ratio | -2.2x |
Cash | CN¥1.08b |
Equity | CN¥3.14b |
Total liabilities | CN¥523.42m |
Total assets | CN¥3.66b |
Recent financial health updates
No updates
Recent updates
Xiamen Voke Mold & Plastic Engineering's (SZSE:301196) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 23Xiamen Voke Mold & Plastic Engineering's (SZSE:301196) Earnings Offer More Than Meets The Eye
Apr 29Be Wary Of Xiamen Voke Mold & Plastic Engineering (SZSE:301196) And Its Returns On Capital
Apr 17Financial Position Analysis
Short Term Liabilities: 301196's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥394.3M).
Long Term Liabilities: 301196's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥129.2M).
Debt to Equity History and Analysis
Debt Level: 301196 has more cash than its total debt.
Reducing Debt: 301196's debt to equity ratio has reduced from 5.7% to 1.5% over the past 5 years.
Debt Coverage: 301196's debt is well covered by operating cash flow (231.7%).
Interest Coverage: 301196 earns more interest than it pays, so coverage of interest payments is not a concern.