Shanghai Weihong Electronic Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Weihong Electronic Technology has a total shareholder equity of CN¥757.1M and total debt of CN¥7.1M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥878.6M and CN¥121.5M respectively. Shanghai Weihong Electronic Technology's EBIT is CN¥43.6M making its interest coverage ratio 14.8. It has cash and short-term investments of CN¥202.4M.
Key information
0.9%
Debt to equity ratio
CN¥7.11m
Debt
| Interest coverage ratio | 14.8x |
| Cash | CN¥202.44m |
| Equity | CN¥757.12m |
| Total liabilities | CN¥121.48m |
| Total assets | CN¥878.60m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300508's short term assets (CN¥417.4M) exceed its short term liabilities (CN¥119.1M).
Long Term Liabilities: 300508's short term assets (CN¥417.4M) exceed its long term liabilities (CN¥2.4M).
Debt to Equity History and Analysis
Debt Level: 300508 has more cash than its total debt.
Reducing Debt: 300508's debt to equity ratio has reduced from 9.5% to 0.9% over the past 5 years.
Debt Coverage: 300508's debt is well covered by operating cash flow (1058.7%).
Interest Coverage: 300508's interest payments on its debt are well covered by EBIT (14.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 00:56 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shanghai Weihong Electronic Technology Co., Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Haibo Liu | Citic Securities Co., Ltd. |