Wenzhou Yihua Connector Balance Sheet Health
Financial Health criteria checks 2/6
Wenzhou Yihua Connector has a total shareholder equity of CN¥2.4B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 117.4%. Its total assets and total liabilities are CN¥6.4B and CN¥4.1B respectively. Wenzhou Yihua Connector's EBIT is CN¥241.6M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥1.3B.
Key information
117.4%
Debt to equity ratio
CN¥2.78b
Debt
Interest coverage ratio | 2.5x |
Cash | CN¥1.27b |
Equity | CN¥2.37b |
Total liabilities | CN¥4.07b |
Total assets | CN¥6.43b |
Financial Position Analysis
Short Term Liabilities: 002897's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 002897's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥980.2M).
Debt to Equity History and Analysis
Debt Level: 002897's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: 002897's debt to equity ratio has increased from 23.9% to 117.4% over the past 5 years.
Debt Coverage: 002897's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002897's interest payments on its debt are not well covered by EBIT (2.5x coverage).