Western Superconducting Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Western Superconducting Technologies has a total shareholder equity of CN¥7.0B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 40.1%. Its total assets and total liabilities are CN¥12.4B and CN¥5.4B respectively. Western Superconducting Technologies's EBIT is CN¥583.5M making its interest coverage ratio 13. It has cash and short-term investments of CN¥2.9B.
Key information
40.1%
Debt to equity ratio
CN¥2.80b
Debt
| Interest coverage ratio | 13x |
| Cash | CN¥2.90b |
| Equity | CN¥6.99b |
| Total liabilities | CN¥5.44b |
| Total assets | CN¥12.42b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688122's short term assets (CN¥9.8B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 688122's short term assets (CN¥9.8B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 688122 has more cash than its total debt.
Reducing Debt: 688122's debt to equity ratio has reduced from 67.6% to 40.1% over the past 5 years.
Debt Coverage: 688122's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: 688122's interest payments on its debt are well covered by EBIT (13x coverage).