Western Metal Materials Balance Sheet Health
Financial Health criteria checks 4/6
Western Metal Materials has a total shareholder equity of CN¥3.4B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are CN¥6.6B and CN¥3.1B respectively. Western Metal Materials's EBIT is CN¥248.9M making its interest coverage ratio 20.4. It has cash and short-term investments of CN¥722.1M.
Key information
48.5%
Debt to equity ratio
CN¥1.67b
Debt
| Interest coverage ratio | 20.4x |
| Cash | CN¥722.09m |
| Equity | CN¥3.45b |
| Total liabilities | CN¥3.11b |
| Total assets | CN¥6.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002149's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002149's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥813.2M).
Debt to Equity History and Analysis
Debt Level: 002149's net debt to equity ratio (27.5%) is considered satisfactory.
Reducing Debt: 002149's debt to equity ratio has increased from 34.8% to 48.5% over the past 5 years.
Debt Coverage: 002149's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: 002149's interest payments on its debt are well covered by EBIT (20.4x coverage).