Weigang Environmental Technology Holding Group Balance Sheet Health
Financial Health criteria checks 5/6
Weigang Environmental Technology Holding Group has a total shareholder equity of CN¥527.8M and total debt of CN¥32.9M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are CN¥843.2M and CN¥315.3M respectively. Weigang Environmental Technology Holding Group's EBIT is CN¥18.0K making its interest coverage ratio 0. It has cash and short-term investments of CN¥73.6M.
Key information
6.2%
Debt to equity ratio
CN¥32.90m
Debt
| Interest coverage ratio | 0.01x |
| Cash | CN¥73.62m |
| Equity | CN¥527.82m |
| Total liabilities | CN¥315.34m |
| Total assets | CN¥843.16m |
Recent financial health updates
Is Weigang Environmental Technology Holding Group (HKG:1845) Using Debt In A Risky Way?
Oct 24
Is Weigang Environmental Technology Holding Group (HKG:1845) Using Debt In A Risky Way?
Nov 01Is Weigang Environmental Technology Holding Group (HKG:1845) Using Debt Sensibly?
May 17Is Weigang Environmental Technology Holding Group (HKG:1845) A Risky Investment?
Jun 01Weigang Environmental Technology Holding Group (HKG:1845) Seems To Use Debt Rather Sparingly
Dec 13Recent updates
Weigang Environmental Technology Holding Group Limited (HKG:1845) Investors Are Less Pessimistic Than Expected
Jun 17Weigang Environmental Technology Holding Group Limited's (HKG:1845) 28% Share Price Plunge Could Signal Some Risk
Mar 13Weigang Environmental Technology Holding Group Limited's (HKG:1845) Popularity With Investors Under Threat As Stock Sinks 29%
Jan 19Is Weigang Environmental Technology Holding Group (HKG:1845) Using Debt In A Risky Way?
Oct 24Is Weigang Environmental Technology Holding Group (HKG:1845) Using Debt In A Risky Way?
Nov 01Is Weigang Environmental Technology Holding Group (HKG:1845) Using Debt Sensibly?
May 17Is Weigang Environmental Technology Holding Group (HKG:1845) A Risky Investment?
Jun 01Will Weigang Environmental Technology Holding Group (HKG:1845) Multiply In Value Going Forward?
Mar 11Have Insiders Been Selling Weigang Environmental Technology Holding Group Limited (HKG:1845) Shares This Year?
Feb 04Should You Rely On Weigang Environmental Technology Holding Group's (HKG:1845) Earnings Growth?
Jan 09
Weigang Environmental Technology Holding Group (HKG:1845) Seems To Use Debt Rather Sparingly
Dec 13Will Weigang Environmental Technology Holding Group (HKG:1845) Multiply In Value Going Forward?
Nov 25Financial Position Analysis
Short Term Liabilities: 1845's short term assets (CN¥535.5M) exceed its short term liabilities (CN¥307.6M).
Long Term Liabilities: 1845's short term assets (CN¥535.5M) exceed its long term liabilities (CN¥7.7M).
Debt to Equity History and Analysis
Debt Level: 1845 has more cash than its total debt.
Reducing Debt: 1845's debt to equity ratio has reduced from 6.3% to 6.2% over the past 5 years.
Debt Coverage: 1845's debt is well covered by operating cash flow (103.9%).
Interest Coverage: 1845's interest payments on its debt are not well covered by EBIT (0x coverage).