Wuxi Xinhongye Wire & Cable Balance Sheet Health
Financial Health criteria checks 5/6
Wuxi Xinhongye Wire & Cable has a total shareholder equity of CN¥2.3B and total debt of CN¥121.5M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥4.0B and CN¥1.7B respectively. Wuxi Xinhongye Wire & Cable's EBIT is CN¥90.0M making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥1.0B.
Key information
5.4%
Debt to equity ratio
CN¥121.45m
Debt
| Interest coverage ratio | -4.6x |
| Cash | CN¥1.03b |
| Equity | CN¥2.26b |
| Total liabilities | CN¥1.71b |
| 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¥3.1B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 301310's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥58.2M).
Debt to Equity History and Analysis
Debt Level: 301310 has more cash than its total debt.
Reducing Debt: 301310's debt to equity ratio has reduced from 35.1% to 5.4% over the past 5 years.
Debt Coverage: 301310's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301310 earns more interest than it pays, so coverage of interest payments is not a concern.