Zhejiang Feida Environmental Science & Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Feida Environmental Science & Technology has a total shareholder equity of CN¥4.4B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are CN¥10.2B and CN¥5.9B respectively. Zhejiang Feida Environmental Science & Technology's EBIT is CN¥347.7M making its interest coverage ratio 9.2. It has cash and short-term investments of CN¥1.8B.
Key information
47.8%
Debt to equity ratio
CN¥2.09b
Debt
Interest coverage ratio | 9.2x |
Cash | CN¥1.85b |
Equity | CN¥4.38b |
Total liabilities | CN¥5.86b |
Total assets | CN¥10.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600526's short term assets (CN¥6.5B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 600526's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 600526's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 600526's debt to equity ratio has reduced from 120% to 47.8% over the past 5 years.
Debt Coverage: 600526's debt is well covered by operating cash flow (38.4%).
Interest Coverage: 600526's interest payments on its debt are well covered by EBIT (9.2x coverage).