West China Cement Limited

DB:WFG1 Stock Report

Market Cap: €712.4m

West China Cement Balance Sheet Health

Financial Health criteria checks 2/6

West China Cement has a total shareholder equity of CN¥14.8B and total debt of CN¥12.9B, which brings its debt-to-equity ratio to 87.1%. Its total assets and total liabilities are CN¥36.0B and CN¥21.2B respectively. West China Cement's EBIT is CN¥1.1B making its interest coverage ratio 6.3. It has cash and short-term investments of CN¥1.0B.

Key information

87.1%

Debt to equity ratio

CN¥12.89b

Debt

Interest coverage ratio6.3x
CashCN¥1.01b
EquityCN¥14.79b
Total liabilitiesCN¥21.16b
Total assetsCN¥35.95b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: WFG1's short term assets (CN¥9.4B) do not cover its short term liabilities (CN¥11.5B).

Long Term Liabilities: WFG1's short term assets (CN¥9.4B) do not cover its long term liabilities (CN¥9.7B).


Debt to Equity History and Analysis

Debt Level: WFG1's net debt to equity ratio (80.3%) is considered high.

Reducing Debt: WFG1's debt to equity ratio has increased from 33.3% to 87.1% over the past 5 years.

Debt Coverage: WFG1's debt is well covered by operating cash flow (22.8%).

Interest Coverage: WFG1's interest payments on its debt are well covered by EBIT (6.3x coverage).


Balance Sheet


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