Zhejiang Taotao Vehicles Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Taotao Vehicles has a total shareholder equity of CN¥3.0B and total debt of CN¥486.3M, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are CN¥4.1B and CN¥1.1B respectively. Zhejiang Taotao Vehicles's EBIT is CN¥276.7M making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥2.4B.
Key information
16.3%
Debt to equity ratio
CN¥486.28m
Debt
| Interest coverage ratio | -4.6x |
| Cash | CN¥2.35b |
| Equity | CN¥2.98b |
| Total liabilities | CN¥1.11b |
| Total assets | CN¥4.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301345's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 301345's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥80.3M).
Debt to Equity History and Analysis
Debt Level: 301345 has more cash than its total debt.
Reducing Debt: 301345's debt to equity ratio has reduced from 47.2% to 16.3% over the past 5 years.
Debt Coverage: 301345's debt is well covered by operating cash flow (55.2%).
Interest Coverage: 301345 earns more interest than it pays, so coverage of interest payments is not a concern.