WG TECH (Jiang Xi) Balance Sheet Health
Financial Health criteria checks 2/6
WG TECH (Jiang Xi) has a total shareholder equity of CN¥1.5B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 101.7%. Its total assets and total liabilities are CN¥4.4B and CN¥2.9B respectively. WG TECH (Jiang Xi)'s EBIT is CN¥13.1M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥871.8M.
Key information
101.7%
Debt to equity ratio
CN¥1.54b
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥871.79m |
| Equity | CN¥1.51b |
| Total liabilities | CN¥2.91b |
| Total assets | CN¥4.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603773's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603773's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603773's net debt to equity ratio (44%) is considered high.
Reducing Debt: 603773's debt to equity ratio has increased from 3.2% to 101.7% over the past 5 years.
Debt Coverage: 603773's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: 603773's interest payments on its debt are not well covered by EBIT (0.4x coverage).