Suqian UnitechLtd Balance Sheet Health
Financial Health criteria checks 3/6
Suqian UnitechLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥937.2M, which brings its debt-to-equity ratio to 44.5%. Its total assets and total liabilities are CN¥3.4B and CN¥1.3B respectively. Suqian UnitechLtd's EBIT is CN¥41.6M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥317.6M.
Key information
44.5%
Debt to equity ratio
CN¥937.18m
Debt
Interest coverage ratio | 1.4x |
Cash | CN¥317.62m |
Equity | CN¥2.11b |
Total liabilities | CN¥1.25b |
Total assets | CN¥3.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603065's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603065's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥151.0M).
Debt to Equity History and Analysis
Debt Level: 603065's net debt to equity ratio (29.4%) is considered satisfactory.
Reducing Debt: 603065's debt to equity ratio has increased from 24.6% to 44.5% over the past 5 years.
Debt Coverage: 603065's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: 603065's interest payments on its debt are not well covered by EBIT (1.4x coverage).