Wuxi Paike New Materials TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi Paike New Materials TechnologyLtd has a total shareholder equity of CN¥4.4B and total debt of CN¥370.9M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥6.8B and CN¥2.4B respectively. Wuxi Paike New Materials TechnologyLtd's EBIT is CN¥499.0M making its interest coverage ratio -16.5. It has cash and short-term investments of CN¥1.7B.
Key information
8.5%
Debt to equity ratio
CN¥370.94m
Debt
| Interest coverage ratio | -16.5x |
| Cash | CN¥1.70b |
| Equity | CN¥4.36b |
| Total liabilities | CN¥2.44b |
| Total assets | CN¥6.80b |
Recent financial health updates
Recent updates
Capital Allocation Trends At Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Aren't Ideal
Mar 25
Wuxi Paike New Materials Technology Co.,Ltd.'s (SHSE:605123) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Mar 05Is Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Using Too Much Debt?
Feb 27Financial Position Analysis
Short Term Liabilities: 605123's short term assets (CN¥5.2B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 605123's short term assets (CN¥5.2B) exceed its long term liabilities (CN¥287.2M).
Debt to Equity History and Analysis
Debt Level: 605123 has more cash than its total debt.
Reducing Debt: 605123's debt to equity ratio has reduced from 19.3% to 8.5% over the past 5 years.
Debt Coverage: 605123's debt is well covered by operating cash flow (86.4%).
Interest Coverage: 605123 earns more interest than it pays, so coverage of interest payments is not a concern.