Piesat Information Technology Balance Sheet Health
Financial Health criteria checks 2/6
Piesat Information Technology has a total shareholder equity of CN¥2.1B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 111.7%. Its total assets and total liabilities are CN¥5.9B and CN¥3.8B respectively.
Key information
111.7%
Debt to equity ratio
CN¥2.33b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥202.99m |
| Equity | CN¥2.09b |
| Total liabilities | CN¥3.82b |
| Total assets | CN¥5.91b |
Recent financial health updates
Would Piesat Information Technology (SHSE:688066) Be Better Off With Less Debt?
Jul 13
Does Piesat Information Technology (SHSE:688066) Have A Healthy Balance Sheet?
Feb 29Recent updates
Piesat Information Technology Co., Ltd.'s (SHSE:688066) Shares Leap 27% Yet They're Still Not Telling The Full Story
Nov 06Market Cool On Piesat Information Technology Co., Ltd.'s (SHSE:688066) Revenues Pushing Shares 26% Lower
Sep 06Take Care Before Jumping Onto Piesat Information Technology Co., Ltd. (SHSE:688066) Even Though It's 26% Cheaper
Jul 23Would Piesat Information Technology (SHSE:688066) Be Better Off With Less Debt?
Jul 13Piesat Information Technology Co., Ltd. (SHSE:688066) Might Not Be As Mispriced As It Looks After Plunging 26%
Jun 06Does Piesat Information Technology (SHSE:688066) Have A Healthy Balance Sheet?
Feb 29Financial Position Analysis
Short Term Liabilities: 688066's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 688066's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 688066's net debt to equity ratio (102%) is considered high.
Reducing Debt: 688066's debt to equity ratio has increased from 7.6% to 111.7% 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.