Wuxi Delinhai Environmental TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Wuxi Delinhai Environmental TechnologyLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥60.4M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are CN¥1.7B and CN¥323.8M respectively. Wuxi Delinhai Environmental TechnologyLtd's EBIT is CN¥8.8M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥680.6M.
Key information
4.4%
Debt to equity ratio
CN¥60.38m
Debt
| Interest coverage ratio | -0.3x |
| Cash | CN¥680.63m |
| Equity | CN¥1.39b |
| Total liabilities | CN¥323.84m |
| Total assets | CN¥1.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688069's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥316.6M).
Long Term Liabilities: 688069's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥7.2M).
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 4.4% over the past 5 years.
Debt Coverage: 688069's debt is well covered by operating cash flow (210.7%).
Interest Coverage: 688069 earns more interest than it pays, so coverage of interest payments is not a concern.