Wangfujing Group Balance Sheet Health
Financial Health criteria checks 6/6
Wangfujing Group has a total shareholder equity of CN¥20.6B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are CN¥41.3B and CN¥20.7B respectively. Wangfujing Group's EBIT is CN¥1.4B making its interest coverage ratio 124.8. It has cash and short-term investments of CN¥10.9B.
Key information
9.3%
Debt to equity ratio
CN¥1.91b
Debt
| Interest coverage ratio | 124.8x |
| Cash | CN¥10.88b |
| Equity | CN¥20.65b |
| Total liabilities | CN¥20.66b |
| Total assets | CN¥41.31b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600859's short term assets (CN¥13.8B) exceed its short term liabilities (CN¥8.3B).
Long Term Liabilities: 600859's short term assets (CN¥13.8B) exceed its long term liabilities (CN¥12.3B).
Debt to Equity History and Analysis
Debt Level: 600859 has more cash than its total debt.
Reducing Debt: 600859's debt to equity ratio has reduced from 27.7% to 9.3% over the past 5 years.
Debt Coverage: 600859's debt is well covered by operating cash flow (151.2%).
Interest Coverage: 600859's interest payments on its debt are well covered by EBIT (124.8x coverage).