Wingtech TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Wingtech TechnologyLtd has a total shareholder equity of CN¥37.8B and total debt of CN¥16.8B, which brings its debt-to-equity ratio to 44.4%. Its total assets and total liabilities are CN¥75.3B and CN¥37.4B respectively. Wingtech TechnologyLtd's EBIT is CN¥2.6B making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥6.7B.
Key information
44.4%
Debt to equity ratio
CN¥16.78b
Debt
| Interest coverage ratio | 6.2x |
| Cash | CN¥6.71b |
| Equity | CN¥37.83b |
| Total liabilities | CN¥37.43b |
| Total assets | CN¥75.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600745's short term assets (CN¥27.9B) exceed its short term liabilities (CN¥25.5B).
Long Term Liabilities: 600745's short term assets (CN¥27.9B) exceed its long term liabilities (CN¥11.9B).
Debt to Equity History and Analysis
Debt Level: 600745's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: 600745's debt to equity ratio has reduced from 50.4% to 44.4% over the past 5 years.
Debt Coverage: 600745's debt is well covered by operating cash flow (25.5%).
Interest Coverage: 600745's interest payments on its debt are well covered by EBIT (6.2x coverage).