Zhejiang Shuanghuan DrivelineLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Shuanghuan DrivelineLtd has a total shareholder equity of CN¥8.9B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are CN¥14.5B and CN¥5.6B respectively. Zhejiang Shuanghuan DrivelineLtd's EBIT is CN¥1.2B making its interest coverage ratio 32.4. It has cash and short-term investments of CN¥1.0B.
Key information
25.3%
Debt to equity ratio
CN¥2.25b
Debt
| Interest coverage ratio | 32.4x |
| Cash | CN¥1.05b |
| Equity | CN¥8.91b |
| Total liabilities | CN¥5.59b |
| Total assets | CN¥14.50b |
Recent financial health updates
These 4 Measures Indicate That Zhejiang Shuanghuan DrivelineLtd (SZSE:002472) Is Using Debt Reasonably Well
Nov 13
These 4 Measures Indicate That Zhejiang Shuanghuan DrivelineLtd (SZSE:002472) Is Using Debt Reasonably Well
Jul 23Recent updates
A Look At The Fair Value Of Zhejiang Shuanghuan Driveline Co.,Ltd. (SZSE:002472)
Dec 12These 4 Measures Indicate That Zhejiang Shuanghuan DrivelineLtd (SZSE:002472) Is Using Debt Reasonably Well
Nov 13Investors Still Aren't Entirely Convinced By Zhejiang Shuanghuan Driveline Co.,Ltd.'s (SZSE:002472) Earnings Despite 35% Price Jump
Oct 14Does Zhejiang Shuanghuan DrivelineLtd (SZSE:002472) Deserve A Spot On Your Watchlist?
Sep 30Zhejiang Shuanghuan Driveline Co.,Ltd.'s (SZSE:002472) Earnings Are Not Doing Enough For Some Investors
Aug 28These 4 Measures Indicate That Zhejiang Shuanghuan DrivelineLtd (SZSE:002472) Is Using Debt Reasonably Well
Jul 23Returns Are Gaining Momentum At Zhejiang Shuanghuan DrivelineLtd (SZSE:002472)
Jun 17Zhejiang Shuanghuan DrivelineLtd (SZSE:002472) Will Pay A Larger Dividend Than Last Year At CN¥0.12
May 31Little Excitement Around Zhejiang Shuanghuan Driveline Co.,Ltd.'s (SZSE:002472) Earnings
May 22Is 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¥5.8B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 002472's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002472's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: 002472's debt to equity ratio has reduced from 85.7% to 25.3% over the past 5 years.
Debt Coverage: 002472's debt is well covered by operating cash flow (62.3%).
Interest Coverage: 002472's interest payments on its debt are well covered by EBIT (32.4x coverage).