Zhejiang Huatie Emergency Equipment Science & TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Huatie Emergency Equipment Science & TechnologyLtd has a total shareholder equity of CN¥5.8B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 75.5%. Its total assets and total liabilities are CN¥19.6B and CN¥13.8B respectively. Zhejiang Huatie Emergency Equipment Science & TechnologyLtd's EBIT is CN¥1.5B making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥217.6M.
Key information
75.5%
Debt to equity ratio
CN¥4.41b
Debt
| Interest coverage ratio | 3.9x |
| Cash | CN¥217.55m |
| Equity | CN¥5.85b |
| Total liabilities | CN¥13.80b |
| Total assets | CN¥19.65b |
Recent financial health updates
Recent updates
Zhejiang Huatie Emergency Equipment Science & TechnologyLtd's (SHSE:603300) Solid Earnings May Rest On Weak Foundations
Apr 22
Zhejiang Huatie Emergency Equipment Science & TechnologyLtd (SHSE:603300) Has A Pretty Healthy Balance Sheet
Mar 26Estimating The Fair Value Of Zhejiang Huatie Emergency Equipment Science & Technology Co.,Ltd. (SHSE:603300)
Mar 12Zhejiang Huatie Emergency Equipment Science & Technology Co.,Ltd.'s (SHSE:603300) Business And Shares Still Trailing The Market
Feb 28Financial Position Analysis
Short Term Liabilities: 603300's short term assets (CN¥4.1B) do not cover its short term liabilities (CN¥5.4B).
Long Term Liabilities: 603300's short term assets (CN¥4.1B) do not cover its long term liabilities (CN¥8.4B).
Debt to Equity History and Analysis
Debt Level: 603300's net debt to equity ratio (71.7%) is considered high.
Reducing Debt: 603300's debt to equity ratio has increased from 32% to 75.5% over the past 5 years.
Debt Coverage: 603300's debt is well covered by operating cash flow (51.8%).
Interest Coverage: 603300's interest payments on its debt are well covered by EBIT (3.9x coverage).