Wuxi Taiji Industry Limited Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi Taiji Industry Limited has a total shareholder equity of CN¥8.9B and total debt of CN¥4.9B, which brings its debt-to-equity ratio to 54.3%. Its total assets and total liabilities are CN¥31.3B and CN¥22.4B respectively. Wuxi Taiji Industry Limited's EBIT is CN¥1.1B making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥6.5B.
Key information
54.3%
Debt to equity ratio
CN¥4.85b
Debt
| Interest coverage ratio | -7.2x |
| Cash | CN¥6.54b |
| Equity | CN¥8.94b |
| Total liabilities | CN¥22.40b |
| Total assets | CN¥31.34b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600667's short term assets (CN¥22.8B) exceed its short term liabilities (CN¥20.4B).
Long Term Liabilities: 600667's short term assets (CN¥22.8B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 600667 has more cash than its total debt.
Reducing Debt: 600667's debt to equity ratio has reduced from 57.4% to 54.3% over the past 5 years.
Debt Coverage: 600667's debt is well covered by operating cash flow (61.2%).
Interest Coverage: 600667 earns more interest than it pays, so coverage of interest payments is not a concern.