Wuxi Xinhongye Wire & Cable Balance Sheet Health
Financial Health criteria checks 5/6
Wuxi Xinhongye Wire & Cable has a total shareholder equity of CN¥2.2B and total debt of CN¥81.9M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥4.0B and CN¥1.8B respectively. Wuxi Xinhongye Wire & Cable's EBIT is CN¥153.7M making its interest coverage ratio -40496.4. It has cash and short-term investments of CN¥2.0B.
Key information
3.7%
Debt to equity ratio
CN¥81.88m
Debt
Interest coverage ratio | -40496.4x |
Cash | CN¥2.00b |
Equity | CN¥2.20b |
Total liabilities | CN¥1.76b |
Total assets | CN¥3.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301310's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 301310's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥26.9M).
Debt to Equity History and Analysis
Debt Level: 301310 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301310's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301310's debt is well covered by operating cash flow (309.2%).
Interest Coverage: 301310 earns more interest than it pays, so coverage of interest payments is not a concern.