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¥24.6B and total debt of CN¥4.0B, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are CN¥34.5B and CN¥9.9B respectively. Shandong Weigao Group Medical Polymer's EBIT is CN¥2.1B making its interest coverage ratio 82.6. It has cash and short-term investments of CN¥7.9B.
Key information
16.3%
Debt to equity ratio
CN¥4.00b
Debt
| Interest coverage ratio | 82.6x |
| Cash | CN¥7.87b |
| Equity | CN¥24.63b |
| Total liabilities | CN¥9.91b |
| Total assets | CN¥34.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHWG.Y's short term assets (CN¥19.5B) exceed its short term liabilities (CN¥6.0B).
Long Term Liabilities: SHWG.Y's short term assets (CN¥19.5B) exceed its long term liabilities (CN¥4.0B).
Debt to Equity History and Analysis
Debt Level: SHWG.Y has more cash than its total debt.
Reducing Debt: SHWG.Y's debt to equity ratio has reduced from 34.4% to 16.3% over the past 5 years.
Debt Coverage: SHWG.Y's debt is well covered by operating cash flow (67.5%).
Interest Coverage: SHWG.Y's interest payments on its debt are well covered by EBIT (82.6x coverage).