Wells Advanced Materials (Shanghai) Balance Sheet Health
Financial Health criteria checks 4/6
Wells Advanced Materials (Shanghai) has a total shareholder equity of CN¥1.0B and total debt of CN¥228.9M, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are CN¥2.1B and CN¥1.1B respectively. Wells Advanced Materials (Shanghai)'s EBIT is CN¥7.4M making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥410.0M.
Key information
21.8%
Debt to equity ratio
CN¥228.95m
Debt
| Interest coverage ratio | 4.1x |
| Cash | CN¥410.03m |
| Equity | CN¥1.05b |
| Total liabilities | CN¥1.07b |
| Total assets | CN¥2.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301555's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥946.9M).
Long Term Liabilities: 301555's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥122.5M).
Debt to Equity History and Analysis
Debt Level: 301555 has more cash than its total debt.
Reducing Debt: 301555's debt to equity ratio has increased from 4.4% to 21.8% over the past 5 years.
Debt Coverage: 301555's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301555's interest payments on its debt are well covered by EBIT (4.1x coverage).