Shanghai Awinic TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Awinic TechnologyLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥577.5M, which brings its debt-to-equity ratio to 15.7%. Its total assets and total liabilities are CN¥4.9B and CN¥1.2B respectively. Shanghai Awinic TechnologyLtd's EBIT is CN¥12.0M making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥2.4B.
Key information
15.7%
Debt to equity ratio
CN¥577.54m
Debt
Interest coverage ratio | -0.1x |
Cash | CN¥2.38b |
Equity | CN¥3.68b |
Total liabilities | CN¥1.24b |
Total assets | CN¥4.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688798's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 688798's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥233.4M).
Debt to Equity History and Analysis
Debt Level: 688798 has more cash than its total debt.
Reducing Debt: 688798's debt to equity ratio has reduced from 52.4% to 15.7% over the past 5 years.
Debt Coverage: 688798's debt is well covered by operating cash flow (117.2%).
Interest Coverage: 688798 earns more interest than it pays, so coverage of interest payments is not a concern.