Zhejiang Chint Electrics Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Chint Electrics has a total shareholder equity of CN¥50.1B and total debt of CN¥23.3B, which brings its debt-to-equity ratio to 46.5%. Its total assets and total liabilities are CN¥134.9B and CN¥84.9B respectively. Zhejiang Chint Electrics's EBIT is CN¥7.8B making its interest coverage ratio -301. It has cash and short-term investments of CN¥11.3B.
Key information
46.5%
Debt to equity ratio
CN¥23.29b
Debt
| Interest coverage ratio | -301x |
| Cash | CN¥11.28b |
| Equity | CN¥50.09b |
| Total liabilities | CN¥84.85b |
| Total assets | CN¥134.94b |
Recent financial health updates
Does Zhejiang Chint Electrics (SHSE:601877) Have A Healthy Balance Sheet?
Sep 16
These 4 Measures Indicate That Zhejiang Chint Electrics (SHSE:601877) Is Using Debt Extensively
Mar 29Recent updates
Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) Held Back By Insufficient Growth Even After Shares Climb 30%
Sep 30Does Zhejiang Chint Electrics (SHSE:601877) Have A Healthy Balance Sheet?
Sep 16What Does Zhejiang Chint Electrics Co., Ltd.'s (SHSE:601877) Share Price Indicate?
Aug 29Lacklustre Performance Is Driving Zhejiang Chint Electrics Co., Ltd.'s (SHSE:601877) Low P/E
Aug 13Returns On Capital Signal Tricky Times Ahead For Zhejiang Chint Electrics (SHSE:601877)
Jul 12Is Zhejiang Chint Electrics Co., Ltd. (SHSE:601877) Potentially Undervalued?
May 21Zhejiang Chint Electrics Co., Ltd.'s (SHSE:601877) Subdued P/E Might Signal An Opportunity
May 01These 4 Measures Indicate That Zhejiang Chint Electrics (SHSE:601877) Is Using Debt Extensively
Mar 29Financial Position Analysis
Short Term Liabilities: 601877's short term assets (CN¥79.3B) exceed its short term liabilities (CN¥52.8B).
Long Term Liabilities: 601877's short term assets (CN¥79.3B) exceed its long term liabilities (CN¥32.0B).
Debt to Equity History and Analysis
Debt Level: 601877's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: 601877's debt to equity ratio has reduced from 50.4% to 46.5% over the past 5 years.
Debt Coverage: 601877's debt is well covered by operating cash flow (43%).
Interest Coverage: 601877 earns more interest than it pays, so coverage of interest payments is not a concern.