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
Weiqiao Textile (HKG:2698) Could Easily Take On More Debt
Sep 11
Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?
Mar 22Recent updates
Weiqiao Textile (HKG:2698) Will Be Hoping To Turn Its Returns On Capital Around
Jul 16Returns On Capital Signal Difficult Times Ahead For Weiqiao Textile (HKG:2698)
Mar 23Weiqiao Textile (HKG:2698) Could Easily Take On More Debt
Sep 11Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital
Aug 13Shareholders Will Probably Be Cautious Of Increasing Weiqiao Textile Company Limited's (HKG:2698) CEO Compensation At The Moment
Jul 09Some Investors May Be Worried About Weiqiao Textile's (HKG:2698) Returns On Capital
May 07Is Weiqiao Textile Company Limited (HKG:2698) The Right Choice For A Smart Dividend Investor?
Apr 16Investors Can Find Comfort In Weiqiao Textile's (HKG:2698) Earnings Quality
Mar 26Does Weiqiao Textile (HKG:2698) Have A Healthy Balance Sheet?
Mar 22Weiqiao Textile's (HKG:2698) Shareholders Are Down 45% On Their Shares
Feb 23Will the Promising Trends At Weiqiao Textile (HKG:2698) Continue?
Jan 27How Does Weiqiao Textile Company Limited (HKG:2698) Fare As A Dividend Stock?
Dec 24
A Look At Weiqiao Textile's (HKG:2698) CEO Remuneration
Dec 07Financial 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.