WCON Electronics (Guangdong) Balance Sheet Health
Financial Health criteria checks 6/6
WCON Electronics (Guangdong) has a total shareholder equity of CN¥1.9B and total debt of CN¥32.0M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥2.0B and CN¥107.4M respectively. WCON Electronics (Guangdong)'s EBIT is CN¥72.1M making its interest coverage ratio -2.4. It has cash and short-term investments of CN¥1.2B.
Key information
1.7%
Debt to equity ratio
CN¥31.96m
Debt
Interest coverage ratio | -2.4x |
Cash | CN¥1.16b |
Equity | CN¥1.91b |
Total liabilities | CN¥107.37m |
Total assets | CN¥2.02b |
Financial Position Analysis
Short Term Liabilities: 301328's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥100.1M).
Long Term Liabilities: 301328's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥7.3M).
Debt to Equity History and Analysis
Debt Level: 301328 has more cash than its total debt.
Reducing Debt: 301328's debt to equity ratio has reduced from 15.2% to 1.7% over the past 5 years.
Debt Coverage: 301328's debt is well covered by operating cash flow (482.2%).
Interest Coverage: 301328 earns more interest than it pays, so coverage of interest payments is not a concern.