Zhejiang Goldensea Hi-Tech Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Goldensea Hi-Tech has a total shareholder equity of CN¥1.3B and total debt of CN¥163.5M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CN¥1.6B and CN¥351.1M respectively. Zhejiang Goldensea Hi-Tech's EBIT is CN¥55.6M making its interest coverage ratio -41. It has cash and short-term investments of CN¥655.3M.
Key information
13.0%
Debt to equity ratio
CN¥163.52m
Debt
| Interest coverage ratio | -41x |
| Cash | CN¥655.30m |
| Equity | CN¥1.26b |
| Total liabilities | CN¥351.10m |
| Total assets | CN¥1.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603311's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥338.1M).
Long Term Liabilities: 603311's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥13.0M).
Debt to Equity History and Analysis
Debt Level: 603311 has more cash than its total debt.
Reducing Debt: 603311's debt to equity ratio has reduced from 16.7% to 13% over the past 5 years.
Debt Coverage: 603311's debt is well covered by operating cash flow (62.6%).
Interest Coverage: 603311 earns more interest than it pays, so coverage of interest payments is not a concern.