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¥1.1B, which brings its debt-to-equity ratio to 57.7%. Its total assets and total liabilities are CN¥3.3B and CN¥1.5B respectively. Shenzhen WOTE Advanced MaterialsLtd's EBIT is CN¥42.2M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥339.3M.
Key information
57.7%
Debt to equity ratio
CN¥1.08b
Debt
Interest coverage ratio | 1.2x |
Cash | CN¥339.34m |
Equity | CN¥1.87b |
Total liabilities | CN¥1.45b |
Total assets | CN¥3.33b |
Recent financial health updates
No updates
Recent updates
Revenues Not Telling The Story For Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) After Shares Rise 26%
May 24Shenzhen WOTE Advanced MaterialsLtd (SZSE:002886) Will Be Hoping To Turn Its Returns On Capital Around
Apr 15Shenzhen WOTE Advanced Materials Co.,Ltd (SZSE:002886) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected
Mar 06Financial Position Analysis
Short Term Liabilities: 002886's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥837.3M).
Long Term Liabilities: 002886's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥614.8M).
Debt to Equity History and Analysis
Debt Level: 002886's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: 002886's debt to equity ratio has increased from 43.2% to 57.7% over the past 5 years.
Debt Coverage: 002886's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: 002886's interest payments on its debt are not well covered by EBIT (1.2x coverage).