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¥4.3B and total debt of CN¥435.6M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are CN¥6.8B and CN¥2.5B respectively. Wuxi Paike New Materials TechnologyLtd's EBIT is CN¥332.7M making its interest coverage ratio -8.7. It has cash and short-term investments of CN¥2.0B.
Key information
10.1%
Debt to equity ratio
CN¥435.57m
Debt
| Interest coverage ratio | -8.7x |
| Cash | CN¥1.98b |
| Equity | CN¥4.30b |
| Total liabilities | CN¥2.50b |
| Total assets | CN¥6.80b |
Recent financial health updates
Here's Why Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Can Manage Its Debt Responsibly
Oct 18
These 4 Measures Indicate That Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Is Using Debt Reasonably Well
May 27Is Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Using Too Much Debt?
Feb 27Recent updates
Here's Why Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Can Manage Its Debt Responsibly
Oct 18Further Upside For Wuxi Paike New Materials Technology Co.,Ltd. (SHSE:605123) Shares Could Introduce Price Risks After 33% Bounce
Oct 18Investors Holding Back On Wuxi Paike New Materials Technology Co.,Ltd. (SHSE:605123)
Jul 31These 4 Measures Indicate That Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Is Using Debt Reasonably Well
May 27There May Be Reason For Hope In Wuxi Paike New Materials TechnologyLtd's (SHSE:605123) Disappointing Earnings
May 06Wuxi Paike New Materials Technology Co.,Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
May 03Capital Allocation Trends At Wuxi Paike New Materials TechnologyLtd (SHSE:605123) Aren't Ideal
Mar 25Wuxi 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¥291.9M).
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 20.2% to 10.1% over the past 5 years.
Debt Coverage: 605123's debt is well covered by operating cash flow (118.3%).
Interest Coverage: 605123 earns more interest than it pays, so coverage of interest payments is not a concern.