GuangZhou LingWe Technology Balance Sheet Health
Financial Health criteria checks 5/6
GuangZhou LingWe Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥50.0M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are CN¥1.7B and CN¥164.8M respectively. GuangZhou LingWe Technology's EBIT is CN¥124.7M making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥756.9M.
Key information
3.3%
Debt to equity ratio
CN¥50.00m
Debt
Interest coverage ratio | -4.5x |
Cash | CN¥756.89m |
Equity | CN¥1.53b |
Total liabilities | CN¥164.77m |
Total assets | CN¥1.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301373's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥143.7M).
Long Term Liabilities: 301373's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥21.0M).
Debt to Equity History and Analysis
Debt Level: 301373 has more cash than its total debt.
Reducing Debt: 301373's debt to equity ratio has increased from 1.4% to 3.3% over the past 5 years.
Debt Coverage: 301373's debt is well covered by operating cash flow (246.7%).
Interest Coverage: 301373 earns more interest than it pays, so coverage of interest payments is not a concern.