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¥30.0M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥1.6B and CN¥292.1M respectively. Zhejiang Liming Intelligent ManufacturingLtd's EBIT is CN¥38.1M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥122.4M.
Key information
2.4%
Debt to equity ratio
CN¥30.01m
Debt
| Interest coverage ratio | -5.4x |
| Cash | CN¥122.35m |
| Equity | CN¥1.26b |
| Total liabilities | CN¥292.06m |
| Total assets | CN¥1.56b |
Recent financial health updates
No updates
Recent updates
Investors Shouldn't Be Too Comfortable With Zhejiang Liming Intelligent ManufacturingLtd's (SHSE:603048) Earnings
Nov 07
Getting In Cheap On Zhejiang Liming Intelligent Manufacturing Co.,Ltd. (SHSE:603048) Is Unlikely
Oct 02Solid Earnings Reflect Zhejiang Liming Intelligent ManufacturingLtd's (SHSE:603048) Strength As A Business
May 03Zhejiang Liming Intelligent ManufacturingLtd's (SHSE:603048) Returns On Capital Not Reflecting Well On The Business
Apr 29Financial Position Analysis
Short Term Liabilities: 603048's short term assets (CN¥595.2M) exceed its short term liabilities (CN¥251.2M).
Long Term Liabilities: 603048's short term assets (CN¥595.2M) exceed its long term liabilities (CN¥40.9M).
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 (241.2%).
Interest Coverage: 603048 earns more interest than it pays, so coverage of interest payments is not a concern.