Shanghai Wanye EnterprisesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Wanye EnterprisesLtd has a total shareholder equity of CN¥8.5B and total debt of CN¥567.6M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are CN¥10.1B and CN¥1.6B respectively. Shanghai Wanye EnterprisesLtd's EBIT is CN¥340.3M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥3.7B.
Key information
6.7%
Debt to equity ratio
CN¥567.64m
Debt
Interest coverage ratio | -2.2x |
Cash | CN¥3.74b |
Equity | CN¥8.52b |
Total liabilities | CN¥1.58b |
Total assets | CN¥10.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600641's short term assets (CN¥5.2B) exceed its short term liabilities (CN¥765.4M).
Long Term Liabilities: 600641's short term assets (CN¥5.2B) exceed its long term liabilities (CN¥815.9M).
Debt to Equity History and Analysis
Debt Level: 600641 has more cash than its total debt.
Reducing Debt: 600641's debt to equity ratio has increased from 0.03% to 6.7% over the past 5 years.
Debt Coverage: 600641's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600641 earns more interest than it pays, so coverage of interest payments is not a concern.