Ways ElectronLtd Balance Sheet Health
Financial Health criteria checks 6/6
Ways ElectronLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥10.1M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CN¥1.9B and CN¥581.1M respectively. Ways ElectronLtd's EBIT is CN¥67.7M making its interest coverage ratio -7. It has cash and short-term investments of CN¥508.6M.
Key information
0.8%
Debt to equity ratio
CN¥10.11m
Debt
| Interest coverage ratio | -7x |
| Cash | CN¥508.64m |
| Equity | CN¥1.28b |
| Total liabilities | CN¥581.14m |
| Total assets | CN¥1.86b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 605218's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥548.5M).
Long Term Liabilities: 605218's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥32.7M).
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 reduced from 3.5% to 0.8% over the past 5 years.
Debt Coverage: 605218's debt is well covered by operating cash flow (542.3%).
Interest Coverage: 605218 earns more interest than it pays, so coverage of interest payments is not a concern.