Jiangxi Welgao Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Jiangxi Welgao Electronics has a total shareholder equity of CN¥1.4B and total debt of CN¥214.1M, which brings its debt-to-equity ratio to 14.8%. Its total assets and total liabilities are CN¥2.1B and CN¥670.3M respectively. Jiangxi Welgao Electronics's EBIT is CN¥43.9M making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥865.7M.
Key information
14.8%
Debt to equity ratio
CN¥214.05m
Debt
| Interest coverage ratio | -5.2x |
| Cash | CN¥865.67m |
| Equity | CN¥1.45b |
| Total liabilities | CN¥670.34m |
| Total assets | CN¥2.12b |
Financial Position Analysis
Short Term Liabilities: 301251's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥662.4M).
Long Term Liabilities: 301251's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥7.9M).
Debt to Equity History and Analysis
Debt Level: 301251 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301251's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301251's debt is well covered by operating cash flow (46.5%).
Interest Coverage: 301251 earns more interest than it pays, so coverage of interest payments is not a concern.