Wedge Industrial Co.,Ltd.

SZSE:000534 Stock Report

Market Cap: CN¥4.9b

Wedge IndustrialLtd Balance Sheet Health

Financial Health criteria checks 2/6

Wedge IndustrialLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 93.6%. Its total assets and total liabilities are CN¥3.3B and CN¥2.0B respectively. Wedge IndustrialLtd's EBIT is CN¥181.4M making its interest coverage ratio 8.2. It has cash and short-term investments of CN¥225.6M.

Key information

93.6%

Debt to equity ratio

CN¥1.18b

Debt

Interest coverage ratio8.2x
CashCN¥225.64m
EquityCN¥1.26b
Total liabilitiesCN¥1.99b
Total assetsCN¥3.25b

Recent financial health updates

No updates

Recent updates

Additional Considerations Required While Assessing Wedge IndustrialLtd's (SZSE:000534) Strong Earnings

Apr 08
Additional Considerations Required While Assessing Wedge IndustrialLtd's (SZSE:000534) Strong Earnings

Financial Position Analysis

Short Term Liabilities: 000534's short term assets (CN¥956.9M) exceed its short term liabilities (CN¥838.6M).

Long Term Liabilities: 000534's short term assets (CN¥956.9M) do not cover its long term liabilities (CN¥1.2B).


Debt to Equity History and Analysis

Debt Level: 000534's net debt to equity ratio (75.6%) is considered high.

Reducing Debt: 000534's debt to equity ratio has increased from 54.9% to 93.6% over the past 5 years.

Debt Coverage: 000534's debt is not well covered by operating cash flow (7.5%).

Interest Coverage: 000534's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


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