Shenzhen Wongtee International Enterprise Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Wongtee International Enterprise has a total shareholder equity of CN¥887.6M and total debt of CN¥832.0M, which brings its debt-to-equity ratio to 93.7%. Its total assets and total liabilities are CN¥8.8B and CN¥7.9B respectively. Shenzhen Wongtee International Enterprise's EBIT is CN¥82.2M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥211.8M.
Key information
93.7%
Debt to equity ratio
CN¥832.04m
Debt
| Interest coverage ratio | 0.1x |
| Cash | CN¥211.81m |
| Equity | CN¥887.64m |
| Total liabilities | CN¥7.91b |
| Total assets | CN¥8.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000056's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥5.8B).
Long Term Liabilities: 000056's short term assets (CN¥1.0B) do not cover its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 000056's net debt to equity ratio (69.9%) is considered high.
Reducing Debt: 000056's debt to equity ratio has increased from 85.2% to 93.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 000056 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000056 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.9% per year.