Wuxi Double Elephant Micro Fibre MaterialLtd Balance Sheet Health
Financial Health criteria checks 4/6
Wuxi Double Elephant Micro Fibre MaterialLtd has a total shareholder equity of CN¥971.2M and total debt of CN¥103.5M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥2.4B and CN¥1.4B respectively. Wuxi Double Elephant Micro Fibre MaterialLtd's EBIT is CN¥82.6M making its interest coverage ratio -22.9. It has cash and short-term investments of CN¥201.1M.
Key information
10.7%
Debt to equity ratio
CN¥103.49m
Debt
| Interest coverage ratio | -22.9x |
| Cash | CN¥201.09m |
| Equity | CN¥971.18m |
| Total liabilities | CN¥1.40b |
| Total assets | CN¥2.37b |
Recent financial health updates
We Think Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Can Stay On Top Of Its Debt
May 28
Health Check: How Prudently Does Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Use Debt?
Feb 27Recent updates
Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Is Experiencing Growth In Returns On Capital
Nov 18We Think Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Can Stay On Top Of Its Debt
May 28Wuxi Double Elephant Micro Fibre Material Co.,Ltd's (SZSE:002395) Shares Climb 30% But Its Business Is Yet to Catch Up
Apr 26Wuxi Double Elephant Micro Fibre MaterialLtd's (SZSE:002395) Solid Profits Have Weak Fundamentals
Apr 25There's Reason For Concern Over Wuxi Double Elephant Micro Fibre Material Co.,Ltd's (SZSE:002395) Massive 36% Price Jump
Mar 09Health Check: How Prudently Does Wuxi Double Elephant Micro Fibre MaterialLtd (SZSE:002395) Use Debt?
Feb 27Financial Position Analysis
Short Term Liabilities: 002395's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥767.1M).
Long Term Liabilities: 002395's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥632.3M).
Debt to Equity History and Analysis
Debt Level: 002395 has more cash than its total debt.
Reducing Debt: 002395's debt to equity ratio has increased from 6.9% to 10.7% over the past 5 years.
Debt Coverage: 002395's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002395 earns more interest than it pays, so coverage of interest payments is not a concern.