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 46.3%. Its total assets and total liabilities are CN¥6.1B and CN¥2.9B respectively. Weihai Guangtai Airport EquipmentLtd's EBIT is CN¥158.9M making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥738.2M.
Key information
46.3%
Debt to equity ratio
CN¥1.48b
Debt
Interest coverage ratio | 6.5x |
Cash | CN¥738.21m |
Equity | CN¥3.20b |
Total liabilities | CN¥2.88b |
Total assets | CN¥6.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002111's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002111's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥970.7M).
Debt to Equity History and Analysis
Debt Level: 002111's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: 002111's debt to equity ratio has increased from 26.4% to 46.3% over the past 5 years.
Debt Coverage: 002111's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: 002111's interest payments on its debt are well covered by EBIT (6.5x coverage).