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 ratio | 8.2x |
| Cash | CN¥225.64m |
| Equity | CN¥1.26b |
| Total liabilities | CN¥1.99b |
| Total assets | CN¥3.25b |
Recent financial health updates
No updates
Recent updates
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).