Hangzhou XZB Tech Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou XZB Tech has a total shareholder equity of CN¥1.2B and total debt of CN¥50.0M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥1.4B and CN¥183.6M respectively. Hangzhou XZB Tech's EBIT is CN¥186.1M making its interest coverage ratio -56.5. It has cash and short-term investments of CN¥551.0M.
Key information
4.1%
Debt to equity ratio
CN¥50.00m
Debt
Interest coverage ratio | -56.5x |
Cash | CN¥550.96m |
Equity | CN¥1.23b |
Total liabilities | CN¥183.59m |
Total assets | CN¥1.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603040's short term assets (CN¥884.9M) exceed its short term liabilities (CN¥162.4M).
Long Term Liabilities: 603040's short term assets (CN¥884.9M) exceed its long term liabilities (CN¥21.2M).
Debt to Equity History and Analysis
Debt Level: 603040 has more cash than its total debt.
Reducing Debt: 603040's debt to equity ratio has increased from 0% to 4.1% over the past 5 years.
Debt Coverage: 603040's debt is well covered by operating cash flow (549.2%).
Interest Coverage: 603040 earns more interest than it pays, so coverage of interest payments is not a concern.