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¥132.3M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are CN¥1.7B and CN¥375.3M respectively. Zhejiang Goldensea Hi-Tech's EBIT is CN¥63.6M making its interest coverage ratio -114.5. It has cash and short-term investments of CN¥686.3M.
Key information
10.2%
Debt to equity ratio
CN¥132.32m
Debt
| Interest coverage ratio | -114.5x |
| Cash | CN¥686.33m |
| Equity | CN¥1.30b |
| Total liabilities | CN¥375.26m |
| Total assets | CN¥1.67b |
Recent financial health updates
No updates
Recent updates
Zhejiang Goldensea Hi-Tech Co., Ltd's (SHSE:603311) P/E Is Still On The Mark Following 28% Share Price Bounce
Nov 13
Solid Earnings May Not Tell The Whole Story For Zhejiang Goldensea Hi-Tech (SHSE:603311)
Nov 02Zhejiang Goldensea Hi-Tech's (SHSE:603311) Soft Earnings Don't Show The Whole Picture
Apr 26Zhejiang Goldensea Hi-Tech (SHSE:603311) Will Want To Turn Around Its Return Trends
Apr 17Zhejiang Goldensea Hi-Tech Co., Ltd's (SHSE:603311) 26% Price Boost Is Out Of Tune With Earnings
Mar 12Financial Position Analysis
Short Term Liabilities: 603311's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥364.2M).
Long Term Liabilities: 603311's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥11.1M).
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 28.1% to 10.2% over the past 5 years.
Debt Coverage: 603311's debt is well covered by operating cash flow (87.9%).
Interest Coverage: 603311 earns more interest than it pays, so coverage of interest payments is not a concern.