Zhejiang Dingli Machinery Co.,Ltd

SHSE:603338 Stock Report

Market Cap: CN¥36.3b

Zhejiang Dingli MachineryLtd Balance Sheet Health

Financial Health criteria checks 5/6

Zhejiang Dingli MachineryLtd has a total shareholder equity of CN¥8.1B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are CN¥13.9B and CN¥5.8B respectively. Zhejiang Dingli MachineryLtd's EBIT is CN¥1.6B making its interest coverage ratio -9.7. It has cash and short-term investments of CN¥4.8B.

Key information

23.8%

Debt to equity ratio

CN¥1.93b

Debt

Interest coverage ratio-9.7x
CashCN¥4.76b
EquityCN¥8.11b
Total liabilitiesCN¥5.75b
Total assetsCN¥13.86b

Recent financial health updates

No updates

Recent updates

Zhejiang Dingli MachineryLtd (SHSE:603338) Hasn't Managed To Accelerate Its Returns

Mar 29
Zhejiang Dingli MachineryLtd (SHSE:603338) Hasn't Managed To Accelerate Its Returns

Here's Why We Think Zhejiang Dingli MachineryLtd (SHSE:603338) Might Deserve Your Attention Today

Mar 15
Here's Why We Think Zhejiang Dingli MachineryLtd (SHSE:603338) Might Deserve Your Attention Today

At CN¥57.49, Is It Time To Put Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) On Your Watch List?

Feb 29
At CN¥57.49, Is It Time To Put Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) On Your Watch List?

Financial Position Analysis

Short Term Liabilities: 603338's short term assets (CN¥10.2B) exceed its short term liabilities (CN¥4.6B).

Long Term Liabilities: 603338's short term assets (CN¥10.2B) exceed its long term liabilities (CN¥1.2B).


Debt to Equity History and Analysis

Debt Level: 603338 has more cash than its total debt.

Reducing Debt: 603338's debt to equity ratio has increased from 7.1% to 23.8% over the past 5 years.

Debt Coverage: 603338's debt is well covered by operating cash flow (109.8%).

Interest Coverage: 603338 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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