Wuxi Paike New Materials TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi Paike New Materials TechnologyLtd has a total shareholder equity of CN¥4.4B and total debt of CN¥477.9M, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are CN¥7.0B and CN¥2.6B respectively. Wuxi Paike New Materials TechnologyLtd's EBIT is CN¥291.8M making its interest coverage ratio -8.1. It has cash and short-term investments of CN¥2.1B.
Key information
10.9%
Debt to equity ratio
CN¥477.89m
Debt
| Interest coverage ratio | -8.1x |
| Cash | CN¥2.11b |
| Equity | CN¥4.38b |
| Total liabilities | CN¥2.64b |
| Total assets | CN¥7.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605123's short term assets (CN¥5.3B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 605123's short term assets (CN¥5.3B) exceed its long term liabilities (CN¥334.0M).
Debt to Equity History and Analysis
Debt Level: 605123 has more cash than its total debt.
Reducing Debt: 605123's debt to equity ratio has reduced from 20.9% to 10.9% over the past 5 years.
Debt Coverage: 605123's debt is well covered by operating cash flow (114%).
Interest Coverage: 605123 earns more interest than it pays, so coverage of interest payments is not a concern.