Suzhou Veichi Electric Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Veichi Electric has a total shareholder equity of CN¥2.1B and total debt of CN¥4.2M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥2.9B and CN¥790.7M respectively. Suzhou Veichi Electric's EBIT is CN¥220.0M making its interest coverage ratio -8.2. It has cash and short-term investments of CN¥327.5M.
Key information
0.2%
Debt to equity ratio
CN¥4.23m
Debt
| Interest coverage ratio | -8.2x |
| Cash | CN¥327.47m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥790.65m |
| Total assets | CN¥2.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688698's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥758.0M).
Long Term Liabilities: 688698's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥32.6M).
Debt to Equity History and Analysis
Debt Level: 688698 has more cash than its total debt.
Reducing Debt: 688698's debt to equity ratio has reduced from 38.4% to 0.2% over the past 5 years.
Debt Coverage: 688698's debt is well covered by operating cash flow (3286.8%).
Interest Coverage: 688698 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 19:33 |
| End of Day Share Price | 2024/12/26 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
Suzhou Veichi Electric Co., Ltd. is covered by 5 analysts. 4 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 |
|---|---|
| Peng Jiang | China International Capital Corporation Limited |
| Jia Xun You | China Merchants Securities Co. Ltd. |
| Pengwei Hua | Citic Securities Co., Ltd. |