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¥192.2M, which brings its debt-to-equity ratio to 13.3%. Its total assets and total liabilities are CN¥2.0B and CN¥592.3M respectively. Jiangxi Welgao Electronics's EBIT is CN¥56.0M making its interest coverage ratio -20.6. It has cash and short-term investments of CN¥921.5M.
Key information
13.3%
Debt to equity ratio
CN¥192.21m
Debt
Interest coverage ratio | -20.6x |
Cash | CN¥921.48m |
Equity | CN¥1.45b |
Total liabilities | CN¥592.27m |
Total assets | CN¥2.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301251's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥583.0M).
Long Term Liabilities: 301251's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥9.3M).
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 (73%).
Interest Coverage: 301251 earns more interest than it pays, so coverage of interest payments is not a concern.