Zhejiang VIE Science & Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang VIE Science & Technology has a total shareholder equity of CN¥2.9B and total debt of CN¥583.9M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are CN¥5.8B and CN¥2.9B respectively. Zhejiang VIE Science & Technology's EBIT is CN¥240.2M making its interest coverage ratio -8.7. It has cash and short-term investments of CN¥1.1B.
Key information
20.0%
Debt to equity ratio
CN¥583.92m
Debt
Interest coverage ratio | -8.7x |
Cash | CN¥1.13b |
Equity | CN¥2.92b |
Total liabilities | CN¥2.93b |
Total assets | CN¥5.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002590's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002590's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥260.5M).
Debt to Equity History and Analysis
Debt Level: 002590 has more cash than its total debt.
Reducing Debt: 002590's debt to equity ratio has reduced from 25.6% to 20% over the past 5 years.
Debt Coverage: 002590's debt is well covered by operating cash flow (54.5%).
Interest Coverage: 002590 earns more interest than it pays, so coverage of interest payments is not a concern.