Weiqiao Textile Company Limited

SEHK:2698 Stock Report

Market Cap: HK$4.2b

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 ration/a
CashCN¥10.11b
EquityCN¥16.81b
Total liabilitiesCN¥7.48b
Total assetsCN¥24.29b

Recent financial health updates

Weiqiao Textile (HKG:2698) Could Easily Take On More Debt

Sep 11
Weiqiao Textile (HKG:2698) Could Easily Take On More Debt

Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?

Mar 22
Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?

Recent updates

Weiqiao Textile (HKG:2698) Will Be Hoping To Turn Its Returns On Capital Around

Jul 16
Weiqiao Textile (HKG:2698) Will Be Hoping To Turn Its Returns On Capital Around

Returns On Capital Signal Difficult Times Ahead For Weiqiao Textile (HKG:2698)

Mar 23
Returns On Capital Signal Difficult Times Ahead For Weiqiao Textile (HKG:2698)

Weiqiao Textile (HKG:2698) Could Easily Take On More Debt

Sep 11
Weiqiao Textile (HKG:2698) Could Easily Take On More Debt

Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital

Aug 13
Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital

Shareholders Will Probably Be Cautious Of Increasing Weiqiao Textile Company Limited's (HKG:2698) CEO Compensation At The Moment

Jul 09
Shareholders Will Probably Be Cautious Of Increasing Weiqiao Textile Company Limited's (HKG:2698) CEO Compensation At The Moment

Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital

May 07
Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital

Is Weiqiao Textile Company Limited (HKG:2698) The Right Choice For A Smart Dividend Investor?

Apr 16
Is Weiqiao Textile Company Limited (HKG:2698) The Right Choice For A Smart Dividend Investor?

Investors Can Find Comfort In Weiqiao Textile's (HKG:2698) Earnings Quality

Mar 26
Investors Can Find Comfort In Weiqiao Textile's (HKG:2698) Earnings Quality

Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?

Mar 22
Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?

Weiqiao Textile's (HKG:2698) Shareholders Are Down 45% On Their Shares

Feb 23
Weiqiao Textile's (HKG:2698) Shareholders Are Down 45% On Their Shares

Will the Promising Trends At Weiqiao Textile (HKG:2698) Continue?

Jan 27
Will the Promising Trends At Weiqiao Textile (HKG:2698) Continue?

How Does Weiqiao Textile Company Limited (HKG:2698) Fare As A Dividend Stock?

Dec 24
How Does Weiqiao Textile Company Limited (HKG:2698) Fare As A Dividend Stock?

A Look At Weiqiao Textile's (HKG:2698) CEO Remuneration

Dec 07
A Look At Weiqiao Textile's (HKG:2698) CEO Remuneration

Financial Position Analysis

Short Term Liabilities: 2698's short term assets (CN¥15.2B) exceed its short term liabilities (CN¥6.9B).

Long Term Liabilities: 2698's short term assets (CN¥15.2B) exceed its long term liabilities (CN¥575.0M).

Debt to Equity History and Analysis

Debt Level: 2698 has more cash than its total debt.

Reducing Debt: 2698's debt to equity ratio has reduced from 38.6% to 28.9% over the past 5 years.

Debt Coverage: 2698's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 2698's interest payments on its debt are well covered by EBIT.

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y