Wolong Electric GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Wolong Electric GroupLtd has a total shareholder equity of CN¥11.1B and total debt of CN¥6.7B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are CN¥25.5B and CN¥14.4B respectively. Wolong Electric GroupLtd's EBIT is CN¥1.0B making its interest coverage ratio 4. It has cash and short-term investments of CN¥2.7B.
Key information
60.5%
Debt to equity ratio
CN¥6.73b
Debt
| Interest coverage ratio | 4x |
| Cash | CN¥2.67b |
| Equity | CN¥11.11b |
| Total liabilities | CN¥14.44b |
| Total assets | CN¥25.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600580's short term assets (CN¥13.8B) exceed its short term liabilities (CN¥10.6B).
Long Term Liabilities: 600580's short term assets (CN¥13.8B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 600580's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: 600580's debt to equity ratio has reduced from 100.3% to 60.5% over the past 5 years.
Debt Coverage: 600580's debt is well covered by operating cash flow (20.2%).
Interest Coverage: 600580's interest payments on its debt are well covered by EBIT (4x coverage).