Wangneng EnvironmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
Wangneng EnvironmentLtd has a total shareholder equity of CN¥6.9B and total debt of CN¥5.9B, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are CN¥14.9B and CN¥8.0B respectively. Wangneng EnvironmentLtd's EBIT is CN¥896.1M making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥704.2M.
Key information
85.2%
Debt to equity ratio
CN¥5.89b
Debt
| Interest coverage ratio | 3.9x |
| Cash | CN¥704.19m |
| Equity | CN¥6.91b |
| Total liabilities | CN¥8.01b |
| Total assets | CN¥14.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002034's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 002034's short term assets (CN¥2.4B) do not cover its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 002034's net debt to equity ratio (75%) is considered high.
Reducing Debt: 002034's debt to equity ratio has increased from 83.9% to 85.2% over the past 5 years.
Debt Coverage: 002034's debt is well covered by operating cash flow (26.4%).
Interest Coverage: 002034's interest payments on its debt are well covered by EBIT (3.9x coverage).