Zhejiang Shuanghuan DrivelineLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Shuanghuan DrivelineLtd has a total shareholder equity of CN¥8.5B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are CN¥14.1B and CN¥5.7B respectively. Zhejiang Shuanghuan DrivelineLtd's EBIT is CN¥1.0B making its interest coverage ratio 28.5. It has cash and short-term investments of CN¥1.5B.
Key information
31.0%
Debt to equity ratio
CN¥2.63b
Debt
Interest coverage ratio | 28.5x |
Cash | CN¥1.50b |
Equity | CN¥8.46b |
Total liabilities | CN¥5.67b |
Total assets | CN¥14.14b |
Recent financial health updates
No updates
Recent updates
Is Now The Time To Put Zhejiang Shuanghuan DrivelineLtd (SZSE:002472) On Your Watchlist?
Apr 30Zhejiang Shuanghuan Driveline Co.,Ltd.'s (SZSE:002472) Intrinsic Value Is Potentially 44% Above Its Share Price
Mar 19Returns On Capital Are Showing Encouraging Signs At Zhejiang Shuanghuan DrivelineLtd (SZSE:002472)
Feb 29Financial Position Analysis
Short Term Liabilities: 002472's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 002472's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002472's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: 002472's debt to equity ratio has reduced from 90.2% to 31% over the past 5 years.
Debt Coverage: 002472's debt is well covered by operating cash flow (53.4%).
Interest Coverage: 002472's interest payments on its debt are well covered by EBIT (28.5x coverage).