Zhejiang Rongtai Electric MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Rongtai Electric MaterialLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥21.9M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥2.0B and CN¥273.8M respectively. Zhejiang Rongtai Electric MaterialLtd's EBIT is CN¥175.3M making its interest coverage ratio -15.1. It has cash and short-term investments of CN¥999.6M.
Key information
1.3%
Debt to equity ratio
CN¥21.89m
Debt
Interest coverage ratio | -15.1x |
Cash | CN¥999.59m |
Equity | CN¥1.70b |
Total liabilities | CN¥273.77m |
Total assets | CN¥1.97b |
Financial Position Analysis
Short Term Liabilities: 603119's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥235.3M).
Long Term Liabilities: 603119's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥38.4M).
Debt to Equity History and Analysis
Debt Level: 603119 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603119's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603119's debt is well covered by operating cash flow (971.2%).
Interest Coverage: 603119 earns more interest than it pays, so coverage of interest payments is not a concern.