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¥24.0B and total debt of CN¥4.0B, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are CN¥33.7B and CN¥9.7B respectively. Shandong Weigao Group Medical Polymer's EBIT is CN¥2.2B making its interest coverage ratio 63.4. It has cash and short-term investments of CN¥7.3B.
Key information
16.8%
Debt to equity ratio
CN¥4.04b
Debt
Interest coverage ratio | 63.4x |
Cash | CN¥7.33b |
Equity | CN¥23.99b |
Total liabilities | CN¥9.68b |
Total assets | CN¥33.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHWG.Y's short term assets (CN¥18.6B) exceed its short term liabilities (CN¥7.6B).
Long Term Liabilities: SHWG.Y's short term assets (CN¥18.6B) exceed its long term liabilities (CN¥2.1B).
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 35.1% to 16.8% over the past 5 years.
Debt Coverage: SHWG.Y's debt is well covered by operating cash flow (54.4%).
Interest Coverage: SHWG.Y's interest payments on its debt are well covered by EBIT (63.4x coverage).