Weihai Guangtai Airport EquipmentLtd Balance Sheet Health
Financial Health criteria checks 4/6
Weihai Guangtai Airport EquipmentLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are CN¥6.4B and CN¥3.2B respectively. Weihai Guangtai Airport EquipmentLtd's EBIT is CN¥201.0M making its interest coverage ratio 9.2. It has cash and short-term investments of CN¥679.3M.
Key information
47.6%
Debt to equity ratio
CN¥1.52b
Debt
| Interest coverage ratio | 9.2x |
| Cash | CN¥679.26m |
| Equity | CN¥3.19b |
| Total liabilities | CN¥3.22b |
| Total assets | CN¥6.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002111's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 002111's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥978.1M).
Debt to Equity History and Analysis
Debt Level: 002111's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: 002111's debt to equity ratio has increased from 37.2% to 47.6% over the past 5 years.
Debt Coverage: 002111's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002111's interest payments on its debt are well covered by EBIT (9.2x coverage).