West China Cement Balance Sheet Health
Financial Health criteria checks 2/6
West China Cement has a total shareholder equity of CN¥14.2B and total debt of CN¥11.8B, which brings its debt-to-equity ratio to 83.1%. Its total assets and total liabilities are CN¥32.9B and CN¥18.7B respectively. West China Cement's EBIT is CN¥1.3B making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥922.7M.
Key information
83.1%
Debt to equity ratio
CN¥11.77b
Debt
Interest coverage ratio | 6.5x |
Cash | CN¥922.66m |
Equity | CN¥14.17b |
Total liabilities | CN¥18.73b |
Total assets | CN¥32.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2233's short term assets (CN¥7.8B) do not cover its short term liabilities (CN¥9.8B).
Long Term Liabilities: 2233's short term assets (CN¥7.8B) do not cover its long term liabilities (CN¥8.9B).
Debt to Equity History and Analysis
Debt Level: 2233's net debt to equity ratio (76.6%) is considered high.
Reducing Debt: 2233's debt to equity ratio has increased from 40.2% to 83.1% over the past 5 years.
Debt Coverage: 2233's debt is well covered by operating cash flow (22.9%).
Interest Coverage: 2233's interest payments on its debt are well covered by EBIT (6.5x coverage).