Weihai Guangwei Composites Balance Sheet Health
Financial Health criteria checks 5/6
Weihai Guangwei Composites has a total shareholder equity of CN¥5.7B and total debt of CN¥776.0M, which brings its debt-to-equity ratio to 13.5%. Its total assets and total liabilities are CN¥7.5B and CN¥1.8B respectively. Weihai Guangwei Composites's EBIT is CN¥792.7M making its interest coverage ratio -181.9. It has cash and short-term investments of CN¥1.1B.
Key information
13.5%
Debt to equity ratio
CN¥775.95m
Debt
| Interest coverage ratio | -181.9x |
| Cash | CN¥1.13b |
| Equity | CN¥5.73b |
| Total liabilities | CN¥1.80b |
| Total assets | CN¥7.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300699's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥983.3M).
Long Term Liabilities: 300699's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥819.6M).
Debt to Equity History and Analysis
Debt Level: 300699 has more cash than its total debt.
Reducing Debt: 300699's debt to equity ratio has increased from 0% to 13.5% over the past 5 years.
Debt Coverage: 300699's debt is well covered by operating cash flow (70.1%).
Interest Coverage: 300699 earns more interest than it pays, so coverage of interest payments is not a concern.