Anhui Wanwei Updated High-Tech Material IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Anhui Wanwei Updated High-Tech Material IndustryLtd has a total shareholder equity of CN¥8.1B and total debt of CN¥3.7B, which brings its debt-to-equity ratio to 46%. Its total assets and total liabilities are CN¥14.1B and CN¥6.0B respectively. Anhui Wanwei Updated High-Tech Material IndustryLtd's EBIT is CN¥298.0M making its interest coverage ratio -14.8. It has cash and short-term investments of CN¥1.7B.
Key information
46.0%
Debt to equity ratio
CN¥3.71b
Debt
Interest coverage ratio | -14.8x |
Cash | CN¥1.74b |
Equity | CN¥8.08b |
Total liabilities | CN¥6.01b |
Total assets | CN¥14.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600063's short term assets (CN¥4.8B) do not cover its short term liabilities (CN¥5.0B).
Long Term Liabilities: 600063's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600063's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: 600063's debt to equity ratio has reduced from 47.9% to 46% over the past 5 years.
Debt Coverage: 600063's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: 600063 earns more interest than it pays, so coverage of interest payments is not a concern.