Zhejiang Wellsun Intelligent TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Wellsun Intelligent TechnologyLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥1.6B and CN¥393.8M respectively. Zhejiang Wellsun Intelligent TechnologyLtd's EBIT is CN¥270.9M making its interest coverage ratio -13.9. It has cash and short-term investments of CN¥751.9M.
Key information
2.5%
Debt to equity ratio
CN¥30.00m
Debt
Interest coverage ratio | -13.9x |
Cash | CN¥751.93m |
Equity | CN¥1.21b |
Total liabilities | CN¥393.76m |
Total assets | CN¥1.60b |
Financial Position Analysis
Short Term Liabilities: 300882's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥372.6M).
Long Term Liabilities: 300882's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥21.2M).
Debt to Equity History and Analysis
Debt Level: 300882 has more cash than its total debt.
Reducing Debt: 300882's debt to equity ratio has increased from 0% to 2.5% over the past 5 years.
Debt Coverage: 300882's debt is well covered by operating cash flow (1145.8%).
Interest Coverage: 300882 earns more interest than it pays, so coverage of interest payments is not a concern.