Wenzhou Yihua Connector Balance Sheet Health
Financial Health criteria checks 2/6
Wenzhou Yihua Connector has a total shareholder equity of CN¥1.7B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 133.5%. Its total assets and total liabilities are CN¥5.1B and CN¥3.4B respectively. Wenzhou Yihua Connector's EBIT is CN¥154.4M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥649.3M.
Key information
133.5%
Debt to equity ratio
CN¥2.33b
Debt
Interest coverage ratio | 1.4x |
Cash | CN¥649.30m |
Equity | CN¥1.75b |
Total liabilities | CN¥3.38b |
Total assets | CN¥5.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002897's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 002897's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥992.5M).
Debt to Equity History and Analysis
Debt Level: 002897's net debt to equity ratio (96.4%) is considered high.
Reducing Debt: 002897's debt to equity ratio has increased from 17.8% to 133.5% over the past 5 years.
Debt Coverage: 002897's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: 002897's interest payments on its debt are not well covered by EBIT (1.4x coverage).