Shandong Weigao Group Medical Polymer Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Weigao Group Medical Polymer has a total shareholder equity of CN¥23.6B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are CN¥33.9B and CN¥10.4B respectively. Shandong Weigao Group Medical Polymer's EBIT is CN¥2.7B making its interest coverage ratio 37.8. It has cash and short-term investments of CN¥7.1B.
Key information
17.8%
Debt to equity ratio
CN¥4.20b
Debt
Interest coverage ratio | 37.8x |
Cash | CN¥7.06b |
Equity | CN¥23.58b |
Total liabilities | CN¥10.36b |
Total assets | CN¥33.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHWG.F's short term assets (CN¥18.8B) exceed its short term liabilities (CN¥6.6B).
Long Term Liabilities: SHWG.F's short term assets (CN¥18.8B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: SHWG.F has more cash than its total debt.
Reducing Debt: SHWG.F's debt to equity ratio has reduced from 34.4% to 17.8% over the past 5 years.
Debt Coverage: SHWG.F's debt is well covered by operating cash flow (52.3%).
Interest Coverage: SHWG.F's interest payments on its debt are well covered by EBIT (37.8x coverage).