ADD Industry (Zhejiang) Balance Sheet Health
Financial Health criteria checks 3/6
ADD Industry (Zhejiang) has a total shareholder equity of CN¥1.4B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 73.2%. Its total assets and total liabilities are CN¥3.2B and CN¥1.8B respectively. ADD Industry (Zhejiang)'s EBIT is CN¥102.7M making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥95.4M.
Key information
73.2%
Debt to equity ratio
CN¥1.00b
Debt
| Interest coverage ratio | 3.4x |
| Cash | CN¥95.43m |
| Equity | CN¥1.37b |
| Total liabilities | CN¥1.84b |
| Total assets | CN¥3.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603089's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603089's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥577.8M).
Debt to Equity History and Analysis
Debt Level: 603089's net debt to equity ratio (66.2%) is considered high.
Reducing Debt: 603089's debt to equity ratio has increased from 14.8% to 73.2% over the past 5 years.
Debt Coverage: 603089's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: 603089's interest payments on its debt are well covered by EBIT (3.4x coverage).