Weiqiao Textile Balance Sheet Health
Financial Health criteria checks 4/6
Weiqiao Textile has a total shareholder equity of CN¥16.8B and total debt of CN¥4.9B, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are CN¥24.3B and CN¥7.5B respectively.
Key information
28.9%
Debt to equity ratio
CN¥4.86b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥10.11b |
| Equity | CN¥16.81b |
| Total liabilities | CN¥7.48b |
| Total assets | CN¥24.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: WEZ's short term assets (CN¥15.2B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: WEZ's short term assets (CN¥15.2B) exceed its long term liabilities (CN¥575.0M).
Debt to Equity History and Analysis
Debt Level: WEZ has more cash than its total debt.
Reducing Debt: WEZ's debt to equity ratio has reduced from 38.6% to 28.9% over the past 5 years.
Debt Coverage: WEZ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if WEZ's interest payments on its debt are well covered by EBIT.