WG TECH (Jiang Xi) Balance Sheet Health
Financial Health criteria checks 3/6
WG TECH (Jiang Xi) has a total shareholder equity of CN¥1.5B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 82.3%. Its total assets and total liabilities are CN¥4.0B and CN¥2.4B respectively. WG TECH (Jiang Xi)'s EBIT is CN¥34.4M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥756.3M.
Key information
82.3%
Debt to equity ratio
CN¥1.27b
Debt
Interest coverage ratio | 1.2x |
Cash | CN¥756.31m |
Equity | CN¥1.55b |
Total liabilities | CN¥2.43b |
Total assets | CN¥3.97b |
Financial Position Analysis
Short Term Liabilities: 603773's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603773's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥675.7M).
Debt to Equity History and Analysis
Debt Level: 603773's net debt to equity ratio (33.4%) is considered satisfactory.
Reducing Debt: 603773's debt to equity ratio has increased from 0% to 82.3% over the past 5 years.
Debt Coverage: 603773's debt is not well covered by operating cash flow (16.7%).
Interest Coverage: 603773's interest payments on its debt are not well covered by EBIT (1.2x coverage).