Wecome Intelligent Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Wecome Intelligent Manufacturing has a total shareholder equity of CN¥2.1B and total debt of CN¥535.9M, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are CN¥3.3B and CN¥1.2B respectively. Wecome Intelligent Manufacturing's EBIT is CN¥170.7M making its interest coverage ratio -13.3. It has cash and short-term investments of CN¥977.1M.
Key information
25.5%
Debt to equity ratio
CN¥535.89m
Debt
Interest coverage ratio | -13.3x |
Cash | CN¥977.09m |
Equity | CN¥2.10b |
Total liabilities | CN¥1.20b |
Total assets | CN¥3.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603070's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603070's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥54.4M).
Debt to Equity History and Analysis
Debt Level: 603070 has more cash than its total debt.
Reducing Debt: 603070's debt to equity ratio has reduced from 65.6% to 25.5% over the past 5 years.
Debt Coverage: 603070's debt is well covered by operating cash flow (67.5%).
Interest Coverage: 603070 earns more interest than it pays, so coverage of interest payments is not a concern.