Zhejiang Liming Intelligent ManufacturingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Liming Intelligent ManufacturingLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥70.7M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥1.7B and CN¥338.1M respectively. Zhejiang Liming Intelligent ManufacturingLtd's EBIT is CN¥75.1M making its interest coverage ratio -12.5. It has cash and short-term investments of CN¥191.5M.
Key information
5.4%
Debt to equity ratio
CN¥70.74m
Debt
Interest coverage ratio | -12.5x |
Cash | CN¥191.51m |
Equity | CN¥1.31b |
Total liabilities | CN¥338.12m |
Total assets | CN¥1.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603048's short term assets (CN¥687.9M) exceed its short term liabilities (CN¥297.0M).
Long Term Liabilities: 603048's short term assets (CN¥687.9M) exceed its long term liabilities (CN¥41.1M).
Debt to Equity History and Analysis
Debt Level: 603048 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603048's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603048's debt is well covered by operating cash flow (149.7%).
Interest Coverage: 603048 earns more interest than it pays, so coverage of interest payments is not a concern.