Zhejiang Huayou Cobalt Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Huayou Cobalt has a total shareholder equity of CN¥47.5B and total debt of CN¥61.9B, which brings its debt-to-equity ratio to 130.3%. Its total assets and total liabilities are CN¥132.2B and CN¥84.7B respectively. Zhejiang Huayou Cobalt's EBIT is CN¥5.8B making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥18.0B.
Key information
130.3%
Debt to equity ratio
CN¥61.91b
Debt
| Interest coverage ratio | 4.6x |
| Cash | CN¥18.02b |
| Equity | CN¥47.50b |
| Total liabilities | CN¥84.74b |
| Total assets | CN¥132.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HUAYO's short term assets (CN¥49.9B) do not cover its short term liabilities (CN¥52.7B).
Long Term Liabilities: HUAYO's short term assets (CN¥49.9B) exceed its long term liabilities (CN¥32.0B).
Debt to Equity History and Analysis
Debt Level: HUAYO's net debt to equity ratio (92.4%) is considered high.
Reducing Debt: HUAYO's debt to equity ratio has increased from 79.3% to 130.3% over the past 5 years.
Debt Coverage: HUAYO's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: HUAYO's interest payments on its debt are well covered by EBIT (4.6x coverage).