Hangzhou Zhengqiang Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Zhengqiang has a total shareholder equity of CN¥933.5M and total debt of CN¥71.8M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are CN¥1.2B and CN¥242.3M respectively. Hangzhou Zhengqiang's EBIT is CN¥96.6M making its interest coverage ratio -205.1. It has cash and short-term investments of CN¥836.3M.
Key information
7.7%
Debt to equity ratio
CN¥71.82m
Debt
Interest coverage ratio | -205.1x |
Cash | CN¥836.26m |
Equity | CN¥933.51m |
Total liabilities | CN¥242.30m |
Total assets | CN¥1.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301119's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥227.4M).
Long Term Liabilities: 301119's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥14.9M).
Debt to Equity History and Analysis
Debt Level: 301119 has more cash than its total debt.
Reducing Debt: 301119's debt to equity ratio has increased from 0% to 7.7% over the past 5 years.
Debt Coverage: 301119's debt is well covered by operating cash flow (165.7%).
Interest Coverage: 301119 earns more interest than it pays, so coverage of interest payments is not a concern.