Wuhu Fuchun Dye and WeaveLtd Balance Sheet Health
Financial Health criteria checks 3/6
Wuhu Fuchun Dye and WeaveLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 89.2%. Its total assets and total liabilities are CN¥4.4B and CN¥2.6B respectively. Wuhu Fuchun Dye and WeaveLtd's EBIT is CN¥124.6M making its interest coverage ratio -14.8. It has cash and short-term investments of CN¥621.2M.
Key information
89.2%
Debt to equity ratio
CN¥1.63b
Debt
Interest coverage ratio | -14.8x |
Cash | CN¥621.18m |
Equity | CN¥1.82b |
Total liabilities | CN¥2.60b |
Total assets | CN¥4.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605189's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 605189's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥907.8M).
Debt to Equity History and Analysis
Debt Level: 605189's net debt to equity ratio (55.1%) is considered high.
Reducing Debt: 605189's debt to equity ratio has increased from 15.6% to 89.2% over the past 5 years.
Debt Coverage: 605189's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605189 earns more interest than it pays, so coverage of interest payments is not a concern.