Zhejiang Wandekai Fluid Equipment Technology Co., Ltd.

SZSE:301309 Stock Report

Market Cap: CN¥2.7b

Zhejiang Wandekai Fluid Equipment Technology Balance Sheet Health

Financial Health criteria checks 6/6

Zhejiang Wandekai Fluid Equipment Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥51.1M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are CN¥1.7B and CN¥187.7M respectively. Zhejiang Wandekai Fluid Equipment Technology's EBIT is CN¥144.9M making its interest coverage ratio -13.9. It has cash and short-term investments of CN¥163.1M.

Key information

3.3%

Debt to equity ratio

CN¥51.06m

Debt

Interest coverage ratio-13.9x
CashCN¥163.14m
EquityCN¥1.53b
Total liabilitiesCN¥187.69m
Total assetsCN¥1.72b

Recent financial health updates

No updates

Recent updates

Capital Allocation Trends At Zhejiang Wandekai Fluid Equipment Technology (SZSE:301309) Aren't Ideal

Aug 14
Capital Allocation Trends At Zhejiang Wandekai Fluid Equipment Technology (SZSE:301309) Aren't Ideal

Zhejiang Wandekai Fluid Equipment Technology's (SZSE:301309) Dividend Is Being Reduced To CN¥0.30

Jun 07
Zhejiang Wandekai Fluid Equipment Technology's (SZSE:301309) Dividend Is Being Reduced To CN¥0.30

We Think You Should Be Aware Of Some Concerning Factors In Zhejiang Wandekai Fluid Equipment Technology's (SZSE:301309) Earnings

May 03
We Think You Should Be Aware Of Some Concerning Factors In Zhejiang Wandekai Fluid Equipment Technology's (SZSE:301309) Earnings

Financial Position Analysis

Short Term Liabilities: 301309's short term assets (CN¥716.6M) exceed its short term liabilities (CN¥165.4M).

Long Term Liabilities: 301309's short term assets (CN¥716.6M) exceed its long term liabilities (CN¥22.3M).


Debt to Equity History and Analysis

Debt Level: 301309 has more cash than its total debt.

Reducing Debt: 301309's debt to equity ratio has reduced from 23.3% to 3.3% over the past 5 years.

Debt Coverage: 301309's debt is well covered by operating cash flow (106.7%).

Interest Coverage: 301309 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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