Wuchan Zhongda GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Wuchan Zhongda GroupLtd has a total shareholder equity of CN¥52.6B and total debt of CN¥50.5B, which brings its debt-to-equity ratio to 96%. Its total assets and total liabilities are CN¥207.2B and CN¥154.7B respectively. Wuchan Zhongda GroupLtd's EBIT is CN¥5.9B making its interest coverage ratio -24.4. It has cash and short-term investments of CN¥33.2B.
Key information
96.0%
Debt to equity ratio
CN¥50.46b
Debt
| Interest coverage ratio | -24.4x |
| Cash | CN¥33.23b |
| Equity | CN¥52.56b |
| Total liabilities | CN¥154.68b |
| Total assets | CN¥207.24b |
Recent financial health updates
Recent updates
Calculating The Intrinsic Value Of Wuchan Zhongda Group Co.,Ltd. (SHSE:600704)
Aug 15
Wuchan Zhongda GroupLtd (SHSE:600704) Might Be Having Difficulty Using Its Capital Effectively
Jul 25Wuchan Zhongda GroupLtd's (SHSE:600704) Dividend Will Be Increased To CN¥0.21
Jul 03Wuchan Zhongda GroupLtd (SHSE:600704) Has A Somewhat Strained Balance Sheet
May 26Wuchan Zhongda GroupLtd's (SHSE:600704) Shareholders Have More To Worry About Than Only Soft Earnings
May 03Benign Growth For Wuchan Zhongda Group Co.,Ltd. (SHSE:600704) Underpins Its Share Price
Mar 25Financial Position Analysis
Short Term Liabilities: 600704's short term assets (CN¥148.1B) exceed its short term liabilities (CN¥140.8B).
Long Term Liabilities: 600704's short term assets (CN¥148.1B) exceed its long term liabilities (CN¥13.9B).
Debt to Equity History and Analysis
Debt Level: 600704's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: 600704's debt to equity ratio has increased from 69% to 96% 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.