Zhejiang Sling Automobile Bearing Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Sling Automobile Bearing has a total shareholder equity of CN¥1.6B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.0B and CN¥369.5M respectively. Zhejiang Sling Automobile Bearing's EBIT is CN¥166.0M making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥1.3B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -5.2x |
| Cash | CN¥1.34b |
| Equity | CN¥1.64b |
| Total liabilities | CN¥369.52m |
| Total assets | CN¥2.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301550's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥365.6M).
Long Term Liabilities: 301550's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥3.9M).
Debt to Equity History and Analysis
Debt Level: 301550 is debt free.
Reducing Debt: 301550 has no debt compared to 5 years ago when its debt to equity ratio was 33.8%.
Debt Coverage: 301550 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301550 has no debt, therefore coverage of interest payments is not a concern.