Shenzhen Wongtee International Enterprise Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Wongtee International Enterprise has a total shareholder equity of CN¥970.1M and total debt of CN¥825.5M, which brings its debt-to-equity ratio to 85.1%. Its total assets and total liabilities are CN¥8.8B and CN¥7.8B respectively. Shenzhen Wongtee International Enterprise's EBIT is CN¥80.6M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥189.4M.
Key information
85.1%
Debt to equity ratio
CN¥825.47m
Debt
Interest coverage ratio | 0.1x |
Cash | CN¥189.37m |
Equity | CN¥970.10m |
Total liabilities | CN¥7.81b |
Total assets | CN¥8.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 200056's short term assets (CN¥970.5M) do not cover its short term liabilities (CN¥5.7B).
Long Term Liabilities: 200056's short term assets (CN¥970.5M) do not cover its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 200056's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: 200056's debt to equity ratio has reduced from 87.4% to 85.1% 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 200056 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 200056 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27.9% per year.