Wuxi Delinhai Environmental Technology Balance Sheet Health
Financial Health criteria checks 5/6
Wuxi Delinhai Environmental Technology has a total shareholder equity of CN¥1.4B and total debt of CN¥61.5M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are CN¥1.7B and CN¥305.3M respectively. Wuxi Delinhai Environmental Technology's EBIT is CN¥39.1M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥692.9M.
Key information
4.5%
Debt to equity ratio
CN¥61.52m
Debt
Interest coverage ratio | -1.3x |
Cash | CN¥692.90m |
Equity | CN¥1.38b |
Total liabilities | CN¥305.26m |
Total assets | CN¥1.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688069's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥297.7M).
Long Term Liabilities: 688069's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥7.6M).
Debt to Equity History and Analysis
Debt Level: 688069 has more cash than its total debt.
Reducing Debt: 688069's debt to equity ratio has increased from 0% to 4.5% over the past 5 years.
Debt Coverage: 688069's debt is well covered by operating cash flow (112.4%).
Interest Coverage: 688069 earns more interest than it pays, so coverage of interest payments is not a concern.