Anhui Wanwei Updated High-Tech Material IndustryLtd Balance Sheet Health
Financial Health criteria checks 3/6
Anhui Wanwei Updated High-Tech Material IndustryLtd has a total shareholder equity of CN¥8.1B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are CN¥14.3B and CN¥6.2B respectively. Anhui Wanwei Updated High-Tech Material IndustryLtd's EBIT is CN¥166.3M making its interest coverage ratio -29.3. It has cash and short-term investments of CN¥1.7B.
Key information
52.3%
Debt to equity ratio
CN¥4.23b
Debt
Interest coverage ratio | -29.3x |
Cash | CN¥1.74b |
Equity | CN¥8.08b |
Total liabilities | CN¥6.20b |
Total assets | CN¥14.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600063's short term assets (CN¥4.8B) do not cover its short term liabilities (CN¥5.2B).
Long Term Liabilities: 600063's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥978.1M).
Debt to Equity History and Analysis
Debt Level: 600063's net debt to equity ratio (30.8%) is considered satisfactory.
Reducing Debt: 600063's debt to equity ratio has increased from 48.7% to 52.3% over the past 5 years.
Debt Coverage: 600063's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: 600063 earns more interest than it pays, so coverage of interest payments is not a concern.