Wells Advanced Materials (Shanghai) Balance Sheet Health
Financial Health criteria checks 4/6
Wells Advanced Materials (Shanghai) has a total shareholder equity of CN¥1.1B and total debt of CN¥115.3M, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are CN¥1.8B and CN¥709.4M respectively. Wells Advanced Materials (Shanghai)'s EBIT is CN¥68.0M making its interest coverage ratio -72.5. It has cash and short-term investments of CN¥372.6M.
Key information
10.8%
Debt to equity ratio
CN¥115.26m
Debt
Interest coverage ratio | -72.5x |
Cash | CN¥372.64m |
Equity | CN¥1.07b |
Total liabilities | CN¥709.42m |
Total assets | CN¥1.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301555's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥682.3M).
Long Term Liabilities: 301555's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥27.1M).
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 0% to 10.8% over the past 5 years.
Debt Coverage: 301555's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301555 earns more interest than it pays, so coverage of interest payments is not a concern.