Ways ElectronLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ways ElectronLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥149.1M, which brings its debt-to-equity ratio to 11.7%. Its total assets and total liabilities are CN¥2.1B and CN¥859.5M respectively. Ways ElectronLtd's EBIT is CN¥42.1M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥450.3M.
Key information
11.7%
Debt to equity ratio
CN¥149.12m
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥450.34m |
| Equity | CN¥1.28b |
| Total liabilities | CN¥859.52m |
| Total assets | CN¥2.14b |
Recent financial health updates
Recent updates
We Think That There Are More Issues For Ways ElectronLtd (SHSE:605218) Than Just Sluggish Earnings
Nov 05
Subdued Growth No Barrier To Ways Electron Co.,Ltd. (SHSE:605218) With Shares Advancing 28%
Oct 01Ways Electron Co.,Ltd.'s (SHSE:605218) Shares May Have Run Too Fast Too Soon
Jul 29Ways ElectronLtd (SHSE:605218) Is Posting Healthy Earnings, But It Is Not All Good News
Apr 22What Ways Electron Co.,Ltd.'s (SHSE:605218) 29% Share Price Gain Is Not Telling You
Mar 07We Think Ways ElectronLtd (SHSE:605218) Can Stay On Top Of Its Debt
Mar 04Financial Position Analysis
Short Term Liabilities: 605218's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥710.6M).
Long Term Liabilities: 605218's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥148.9M).
Debt to Equity History and Analysis
Debt Level: 605218 has more cash than its total debt.
Reducing Debt: 605218's debt to equity ratio has increased from 2.9% to 11.7% over the past 5 years.
Debt Coverage: 605218's debt is well covered by operating cash flow (88.4%).
Interest Coverage: 605218 earns more interest than it pays, so coverage of interest payments is not a concern.