Shenzhen WOTE Advanced MaterialsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen WOTE Advanced MaterialsLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥929.0M, which brings its debt-to-equity ratio to 49%. Its total assets and total liabilities are CN¥3.2B and CN¥1.3B respectively. Shenzhen WOTE Advanced MaterialsLtd's EBIT is CN¥55.1M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥280.1M.
Key information
49.0%
Debt to equity ratio
CN¥929.02m
Debt
Interest coverage ratio | 1.4x |
Cash | CN¥280.07m |
Equity | CN¥1.90b |
Total liabilities | CN¥1.30b |
Total assets | CN¥3.20b |
Financial Position Analysis
Short Term Liabilities: 002886's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥785.3M).
Long Term Liabilities: 002886's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥515.2M).
Debt to Equity History and Analysis
Debt Level: 002886's net debt to equity ratio (34.2%) is considered satisfactory.
Reducing Debt: 002886's debt to equity ratio has increased from 44.9% to 49% over the past 5 years.
Debt Coverage: 002886's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: 002886's interest payments on its debt are not well covered by EBIT (1.4x coverage).