Zhejiang EV-TechLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang EV-TechLtd has a total shareholder equity of CN¥983.7M and total debt of CN¥1.0M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥2.0B and CN¥989.0M respectively. Zhejiang EV-TechLtd's EBIT is CN¥69.2M making its interest coverage ratio -32.2. It has cash and short-term investments of CN¥565.5M.
Key information
0.1%
Debt to equity ratio
CN¥1.00m
Debt
| Interest coverage ratio | -32.2x |
| Cash | CN¥565.46m |
| Equity | CN¥983.67m |
| Total liabilities | CN¥988.98m |
| Total assets | CN¥1.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301607's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥938.4M).
Long Term Liabilities: 301607's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥50.6M).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301607 earns more interest than it pays, so coverage of interest payments is not a concern.