Zhejiang Taotao Vehicles Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Taotao Vehicles has a total shareholder equity of CN¥3.0B and total debt of CN¥551.4M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are CN¥4.5B and CN¥1.5B respectively. Zhejiang Taotao Vehicles's EBIT is CN¥459.3M making its interest coverage ratio -11.7. It has cash and short-term investments of CN¥1.7B.
Key information
18.2%
Debt to equity ratio
CN¥551.38m
Debt
| Interest coverage ratio | -11.7x |
| Cash | CN¥1.71b |
| Equity | CN¥3.03b |
| Total liabilities | CN¥1.49b |
| Total assets | CN¥4.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301345's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 301345's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥88.5M).
Debt to Equity History and Analysis
Debt Level: 301345 has more cash than its total debt.
Reducing Debt: 301345's debt to equity ratio has reduced from 51.3% to 18.2% over the past 5 years.
Debt Coverage: 301345's debt is well covered by operating cash flow (46.5%).
Interest Coverage: 301345 earns more interest than it pays, so coverage of interest payments is not a concern.