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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/03/20 09:02
End of Day Share Price 2024/03/20 00:00
Earnings2023/06/30
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Weiqiao Textile Company Limited is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Haiyan GuoChina International Capital Corporation Limited
K. LauCitigroup Inc
Yuan ZhuGuosen Securities Co., Ltd.