Wangneng EnvironmentLtd Balance Sheet Health
Financial Health criteria checks 2/6
Wangneng EnvironmentLtd has a total shareholder equity of CN¥6.7B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 87.1%. Its total assets and total liabilities are CN¥14.5B and CN¥7.8B respectively. Wangneng EnvironmentLtd's EBIT is CN¥1.0B making its interest coverage ratio -250.8. It has cash and short-term investments of CN¥374.1M.
Key information
87.1%
Debt to equity ratio
CN¥5.81b
Debt
| Interest coverage ratio | -250.8x |
| Cash | CN¥374.14m |
| Equity | CN¥6.67b |
| Total liabilities | CN¥7.82b |
| Total assets | CN¥14.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002034's short term assets (CN¥2.1B) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 002034's short term assets (CN¥2.1B) do not cover its long term liabilities (CN¥5.7B).
Debt to Equity History and Analysis
Debt Level: 002034's net debt to equity ratio (81.5%) is considered high.
Reducing Debt: 002034's debt to equity ratio has increased from 52.5% to 87.1% over the past 5 years.
Debt Coverage: 002034's debt is well covered by operating cash flow (23.5%).
Interest Coverage: 002034 earns more interest than it pays, so coverage of interest payments is not a concern.