Zhejiang EV-TechLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang EV-TechLtd has a total shareholder equity of CN¥577.3M and total debt of CN¥1.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥1.6B and CN¥1.1B respectively. Zhejiang EV-TechLtd's EBIT is CN¥93.6M making its interest coverage ratio -57.7. It has cash and short-term investments of CN¥458.2M.
Key information
0.2%
Debt to equity ratio
CN¥1.00m
Debt
| Interest coverage ratio | -57.7x |
| Cash | CN¥458.22m |
| Equity | CN¥577.33m |
| Total liabilities | CN¥1.06b |
| Total assets | CN¥1.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301607's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 301607's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥46.2M).
Debt to Equity History and Analysis
Debt Level: 301607 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301607's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301607's debt is well covered by operating cash flow (10453%).
Interest Coverage: 301607 earns more interest than it pays, so coverage of interest payments is not a concern.