Guizhou Wire Rope Balance Sheet Health
Financial Health criteria checks 4/6
Guizhou Wire Rope has a total shareholder equity of CN¥1.5B and total debt of CN¥949.9M, which brings its debt-to-equity ratio to 63%. Its total assets and total liabilities are CN¥3.5B and CN¥2.0B respectively. Guizhou Wire Rope's EBIT is CN¥33.6M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥526.2M.
Key information
63.0%
Debt to equity ratio
CN¥949.90m
Debt
Interest coverage ratio | 8.5x |
Cash | CN¥526.19m |
Equity | CN¥1.51b |
Total liabilities | CN¥1.99b |
Total assets | CN¥3.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600992's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600992's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥462.0M).
Debt to Equity History and Analysis
Debt Level: 600992's net debt to equity ratio (28.1%) is considered satisfactory.
Reducing Debt: 600992's debt to equity ratio has increased from 24.4% to 63% over the past 5 years.
Debt Coverage: 600992's debt is not well covered by operating cash flow (0.8%).
Interest Coverage: 600992's interest payments on its debt are well covered by EBIT (8.5x coverage).