WG TECH (Jiang Xi) Balance Sheet Health
Financial Health criteria checks 3/6
WG TECH (Jiang Xi) has a total shareholder equity of CN¥1.5B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 92.9%. Its total assets and total liabilities are CN¥4.0B and CN¥2.5B respectively. WG TECH (Jiang Xi)'s EBIT is CN¥38.4M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥704.7M.
Key information
92.9%
Debt to equity ratio
CN¥1.41b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥704.73m |
| Equity | CN¥1.52b |
| Total liabilities | CN¥2.53b |
| Total assets | CN¥4.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603773's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603773's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥803.6M).
Debt to Equity History and Analysis
Debt Level: 603773's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: 603773's debt to equity ratio has increased from 0.7% to 92.9% over the past 5 years.
Debt Coverage: 603773's debt is not well covered by operating cash flow (19.2%).
Interest Coverage: 603773's interest payments on its debt are well covered by EBIT (3.1x coverage).