Zhejiang Baida Precision Manufacturing Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Baida Precision Manufacturing has a total shareholder equity of CN¥1.4B and total debt of CN¥641.6M, which brings its debt-to-equity ratio to 47.3%. Its total assets and total liabilities are CN¥3.2B and CN¥1.9B respectively. Zhejiang Baida Precision Manufacturing's EBIT is CN¥159.7M making its interest coverage ratio 6.7. It has cash and short-term investments of CN¥205.7M.
Key information
47.3%
Debt to equity ratio
CN¥641.62m
Debt
| Interest coverage ratio | 6.7x |
| Cash | CN¥205.68m |
| Equity | CN¥1.36b |
| Total liabilities | CN¥1.87b |
| Total assets | CN¥3.23b |
Recent financial health updates
No updates
Recent updates
Zhejiang Baida Precision Manufacturing (SHSE:603331) Will Want To Turn Around Its Return Trends
Jun 06
Zhejiang Baida Precision Manufacturing's (SHSE:603331) Solid Profits Have Weak Fundamentals
May 06The Market Doesn't Like What It Sees From Zhejiang Baida Precision Manufacturing Corp.'s (SHSE:603331) Earnings Yet As Shares Tumble 29%
Apr 22Zhejiang Baida Precision Manufacturing Corp.'s (SHSE:603331) Shares Bounce 32% But Its Business Still Trails The Market
Mar 06Be Wary Of Zhejiang Baida Precision Manufacturing (SHSE:603331) And Its Returns On Capital
Mar 01Financial Position Analysis
Short Term Liabilities: 603331's short term assets (CN¥1.2B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603331's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥475.6M).
Debt to Equity History and Analysis
Debt Level: 603331's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: 603331's debt to equity ratio has increased from 32.1% to 47.3% over the past 5 years.
Debt Coverage: 603331's debt is well covered by operating cash flow (27.1%).
Interest Coverage: 603331's interest payments on its debt are well covered by EBIT (6.7x coverage).