Wuchan Zhongda GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Wuchan Zhongda GroupLtd has a total shareholder equity of CN¥53.1B and total debt of CN¥54.0B, which brings its debt-to-equity ratio to 101.7%. Its total assets and total liabilities are CN¥204.0B and CN¥150.9B respectively. Wuchan Zhongda GroupLtd's EBIT is CN¥5.5B making its interest coverage ratio -8.5. It has cash and short-term investments of CN¥29.8B.
Key information
101.7%
Debt to equity ratio
CN¥54.00b
Debt
Interest coverage ratio | -8.5x |
Cash | CN¥29.76b |
Equity | CN¥53.08b |
Total liabilities | CN¥150.95b |
Total assets | CN¥204.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600704's short term assets (CN¥146.9B) exceed its short term liabilities (CN¥133.3B).
Long Term Liabilities: 600704's short term assets (CN¥146.9B) exceed its long term liabilities (CN¥17.6B).
Debt to Equity History and Analysis
Debt Level: 600704's net debt to equity ratio (45.7%) is considered high.
Reducing Debt: 600704's debt to equity ratio has increased from 55.1% to 101.7% over the past 5 years.
Debt Coverage: 600704's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600704 earns more interest than it pays, so coverage of interest payments is not a concern.