Weihai Guangwei Composites Balance Sheet Health
Financial Health criteria checks 5/6
Weihai Guangwei Composites has a total shareholder equity of CN¥5.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are CN¥7.8B and CN¥2.2B respectively. Weihai Guangwei Composites's EBIT is CN¥929.2M making its interest coverage ratio 72.6. It has cash and short-term investments of CN¥694.4M.
Key information
20.2%
Debt to equity ratio
CN¥1.12b
Debt
| Interest coverage ratio | 72.6x |
| Cash | CN¥694.35m |
| Equity | CN¥5.55b |
| Total liabilities | CN¥2.21b |
| Total assets | CN¥7.75b |
Recent financial health updates
Is Weihai Guangwei Composites (SZSE:300699) Using Too Much Debt?
Oct 03
These 4 Measures Indicate That Weihai Guangwei Composites (SZSE:300699) Is Using Debt Reasonably Well
Jun 08Recent updates
Weihai Guangwei Composites (SZSE:300699) Is Reinvesting At Lower Rates Of Return
Oct 27There's Reason For Concern Over Weihai Guangwei Composites Co., Ltd.'s (SZSE:300699) Massive 37% Price Jump
Oct 08Is Weihai Guangwei Composites (SZSE:300699) Using Too Much Debt?
Oct 03Weihai Guangwei Composites Co., Ltd. Just Missed EPS By 9.5%: Here's What Analysts Think Will Happen Next
Aug 28Subdued Growth No Barrier To Weihai Guangwei Composites Co., Ltd.'s (SZSE:300699) Price
Jul 14Returns On Capital At Weihai Guangwei Composites (SZSE:300699) Have Stalled
Jun 26These 4 Measures Indicate That Weihai Guangwei Composites (SZSE:300699) Is Using Debt Reasonably Well
Jun 08Weihai Guangwei Composites' (SZSE:300699) Anemic Earnings Might Be Worse Than You Think
Apr 15Weihai Guangwei Composites Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Apr 10Estimating The Fair Value Of Weihai Guangwei Composites Co., Ltd. (SZSE:300699)
Apr 05Returns On Capital Are Showing Encouraging Signs At Weihai Guangwei Composites (SZSE:300699)
Mar 18Financial Position Analysis
Short Term Liabilities: 300699's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300699's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300699's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: 300699's debt to equity ratio has increased from 0% to 20.2% over the past 5 years.
Debt Coverage: 300699's debt is well covered by operating cash flow (36.2%).
Interest Coverage: 300699's interest payments on its debt are well covered by EBIT (72.6x coverage).