Piesat Information Technology Balance Sheet Health
Financial Health criteria checks 2/6
Piesat Information Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 117.4%. Its total assets and total liabilities are CN¥6.3B and CN¥4.2B respectively.
Key information
117.4%
Debt to equity ratio
CN¥2.53b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥609.73m |
| Equity | CN¥2.16b |
| Total liabilities | CN¥4.16b |
| Total assets | CN¥6.32b |
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
Take 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¥4.8B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 688066's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 688066's net debt to equity ratio (89.1%) is considered high.
Reducing Debt: 688066's debt to equity ratio has increased from 12.3% to 117.4% 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.