Shanghai W-Ibeda High Tech.GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai W-Ibeda High Tech.GroupLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥816.9M, which brings its debt-to-equity ratio to 79.6%. Its total assets and total liabilities are CN¥2.2B and CN¥1.2B respectively. Shanghai W-Ibeda High Tech.GroupLtd's EBIT is CN¥7.3M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥126.8M.
Key information
79.6%
Debt to equity ratio
CN¥816.86m
Debt
Interest coverage ratio | 0.2x |
Cash | CN¥126.82m |
Equity | CN¥1.03b |
Total liabilities | CN¥1.17b |
Total assets | CN¥2.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688071's short term assets (CN¥750.1M) do not cover its short term liabilities (CN¥750.8M).
Long Term Liabilities: 688071's short term assets (CN¥750.1M) exceed its long term liabilities (CN¥417.6M).
Debt to Equity History and Analysis
Debt Level: 688071's net debt to equity ratio (67.2%) is considered high.
Reducing Debt: 688071's debt to equity ratio has reduced from 114.4% to 79.6% over the past 5 years.
Debt Coverage: 688071's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688071's interest payments on its debt are not well covered by EBIT (0.2x coverage).