Wenzhou Yihua Connector Balance Sheet Health
Financial Health criteria checks 3/6
Wenzhou Yihua Connector has a total shareholder equity of CN¥2.5B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 95.7%. Its total assets and total liabilities are CN¥6.6B and CN¥4.1B respectively. Wenzhou Yihua Connector's EBIT is CN¥315.8M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥1.1B.
Key information
95.7%
Debt to equity ratio
CN¥2.40b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CN¥1.10b |
| Equity | CN¥2.51b |
| Total liabilities | CN¥4.08b |
| Total assets | CN¥6.59b |
Recent financial health updates
Does Wenzhou Yihua Connector (SZSE:002897) Have A Healthy Balance Sheet?
Dec 24
Here's Why Wenzhou Yihua Connector (SZSE:002897) Has A Meaningful Debt Burden
Jul 03Does Wenzhou Yihua Connector (SZSE:002897) Have A Healthy Balance Sheet?
Feb 27Recent updates
Does Wenzhou Yihua Connector (SZSE:002897) Have A Healthy Balance Sheet?
Dec 24After Leaping 32% Wenzhou Yihua Connector Co., Ltd. (SZSE:002897) Shares Are Not Flying Under The Radar
Oct 25Is Now The Time To Put Wenzhou Yihua Connector (SZSE:002897) On Your Watchlist?
Oct 15Investors Appear Satisfied With Wenzhou Yihua Connector Co., Ltd.'s (SZSE:002897) Prospects
Sep 07Here's Why Wenzhou Yihua Connector (SZSE:002897) Has A Meaningful Debt Burden
Jul 03After Leaping 26% Wenzhou Yihua Connector Co., Ltd. (SZSE:002897) Shares Are Not Flying Under The Radar
May 21Does Wenzhou Yihua Connector (SZSE:002897) Have A Healthy Balance Sheet?
Feb 27Financial Position Analysis
Short Term Liabilities: 002897's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 002897's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥904.0M).
Debt to Equity History and Analysis
Debt Level: 002897's net debt to equity ratio (51.7%) is considered high.
Reducing Debt: 002897's debt to equity ratio has increased from 28.1% to 95.7% over the past 5 years.
Debt Coverage: 002897's debt is not well covered by operating cash flow (6.4%).
Interest Coverage: 002897's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 16:20 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Wenzhou Yihua Connector Co., Ltd. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Lin Zhang | Industrial Securities Co. Ltd. |
| Nan Wang | Industrial Securities Co. Ltd. |
| Tianyi Ma | Minsheng Securities Co. |