Suzhou Secote Precision ElectronicLTD Balance Sheet Health
Financial Health criteria checks 5/6
Suzhou Secote Precision ElectronicLTD has a total shareholder equity of CN¥3.0B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are CN¥6.2B and CN¥3.2B respectively. Suzhou Secote Precision ElectronicLTD's EBIT is CN¥958.3M making its interest coverage ratio 239.4. It has cash and short-term investments of CN¥734.0M.
Key information
33.9%
Debt to equity ratio
CN¥1.00b
Debt
| Interest coverage ratio | 239.4x |
| Cash | CN¥734.03m |
| Equity | CN¥2.96b |
| Total liabilities | CN¥3.21b |
| Total assets | CN¥6.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603283's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 603283's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥100.0M).
Debt to Equity History and Analysis
Debt Level: 603283's net debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: 603283's debt to equity ratio has reduced from 44.9% to 33.9% over the past 5 years.
Debt Coverage: 603283's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603283's interest payments on its debt are well covered by EBIT (239.4x coverage).