Zhejiang VIE Science & Technology Co., Ltd.

XSEC:002590 Stock Report

Market Cap: CN¥7.5b

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
CashCN¥1.13b
EquityCN¥2.92b
Total liabilitiesCN¥2.93b
Total assetsCN¥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.


Balance Sheet


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