Zhejiang Chint Electrics Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Chint Electrics has a total shareholder equity of CN¥45.8B and total debt of CN¥18.1B, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are CN¥115.1B and CN¥69.3B respectively. Zhejiang Chint Electrics's EBIT is CN¥6.5B making its interest coverage ratio 253.2. It has cash and short-term investments of CN¥9.0B.
Key information
39.5%
Debt to equity ratio
CN¥18.06b
Debt
| Interest coverage ratio | 253.2x |
| Cash | CN¥9.04b |
| Equity | CN¥45.76b |
| Total liabilities | CN¥69.34b |
| Total assets | CN¥115.10b |
Financial Position Analysis
Short Term Liabilities: 601877's short term assets (CN¥67.0B) exceed its short term liabilities (CN¥45.1B).
Long Term Liabilities: 601877's short term assets (CN¥67.0B) exceed its long term liabilities (CN¥24.2B).
Debt to Equity History and Analysis
Debt Level: 601877's net debt to equity ratio (19.7%) is considered satisfactory.
Reducing Debt: 601877's debt to equity ratio has reduced from 56.9% to 39.5% over the past 5 years.
Debt Coverage: 601877's debt is well covered by operating cash flow (52.1%).
Interest Coverage: 601877's interest payments on its debt are well covered by EBIT (253.2x coverage).