Zhejiang Shuanghuan DrivelineLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Shuanghuan DrivelineLtd has a total shareholder equity of CN¥8.6B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are CN¥14.1B and CN¥5.5B respectively. Zhejiang Shuanghuan DrivelineLtd's EBIT is CN¥1.1B making its interest coverage ratio 30.9. It has cash and short-term investments of CN¥1.3B.
Key information
26.7%
Debt to equity ratio
CN¥2.30b
Debt
| Interest coverage ratio | 30.9x |
| Cash | CN¥1.35b |
| Equity | CN¥8.62b |
| Total liabilities | CN¥5.49b |
| Total assets | CN¥14.11b |
Recent financial health updates
Recent updates
Zhejiang Shuanghuan Driveline Co.,Ltd.'s (SZSE:002472) Earnings Are Not Doing Enough For Some Investors
Aug 28
These 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¥5.7B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 002472's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥934.5M).
Debt to Equity History and Analysis
Debt Level: 002472's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: 002472's debt to equity ratio has reduced from 87.1% to 26.7% over the past 5 years.
Debt Coverage: 002472's debt is well covered by operating cash flow (68.5%).
Interest Coverage: 002472's interest payments on its debt are well covered by EBIT (30.9x coverage).