Piesat Information Technology Balance Sheet Health
Financial Health criteria checks 2/6
Piesat Information Technology has a total shareholder equity of CN¥2.3B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 111.8%. Its total assets and total liabilities are CN¥6.5B and CN¥4.2B respectively.
Key information
111.8%
Debt to equity ratio
CN¥2.58b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.07b |
| Equity | CN¥2.31b |
| Total liabilities | CN¥4.17b |
| Total assets | CN¥6.48b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688066's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 688066's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 688066's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: 688066's debt to equity ratio has increased from 12.3% to 111.8% over the past 5 years.
Debt Coverage: 688066's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 688066's interest payments on its debt are well covered by EBIT.