ADD Industry (Zhejiang) Balance Sheet Health
Financial Health criteria checks 4/6
ADD Industry (Zhejiang) has a total shareholder equity of CN¥1.3B and total debt of CN¥820.4M, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are CN¥2.8B and CN¥1.5B respectively. ADD Industry (Zhejiang)'s EBIT is CN¥134.7M making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥138.8M.
Key information
61.9%
Debt to equity ratio
CN¥820.43m
Debt
Interest coverage ratio | 5.1x |
Cash | CN¥138.83m |
Equity | CN¥1.33b |
Total liabilities | CN¥1.50b |
Total assets | CN¥2.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603089's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥937.9M).
Long Term Liabilities: 603089's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥558.5M).
Debt to Equity History and Analysis
Debt Level: 603089's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: 603089's debt to equity ratio has increased from 11% to 61.9% over the past 5 years.
Debt Coverage: 603089's debt is well covered by operating cash flow (36.1%).
Interest Coverage: 603089's interest payments on its debt are well covered by EBIT (5.1x coverage).