Zhejiang Dingli MachineryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Dingli MachineryLtd has a total shareholder equity of CN¥9.9B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥15.3B and CN¥5.4B respectively. Zhejiang Dingli MachineryLtd's EBIT is CN¥2.2B making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥5.2B.
Key information
11.3%
Debt to equity ratio
CN¥1.11b
Debt
| Interest coverage ratio | -10.6x |
| Cash | CN¥5.16b |
| Equity | CN¥9.86b |
| Total liabilities | CN¥5.43b |
| Total assets | CN¥15.29b |
Recent financial health updates
Is Zhejiang Dingli MachineryLtd (SHSE:603338) Using Too Much Debt?
Aug 14
Zhejiang Dingli MachineryLtd (SHSE:603338) Seems To Use Debt Rather Sparingly
May 08Recent updates
Do Zhejiang Dingli MachineryLtd's (SHSE:603338) Earnings Warrant Your Attention?
Nov 14Estimating The Fair Value Of Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338)
Oct 21Zhejiang Dingli MachineryLtd (SHSE:603338) Might Become A Compounding Machine
Oct 08At CN¥48.25, Is It Time To Put Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) On Your Watch List?
Sep 12Is Zhejiang Dingli MachineryLtd (SHSE:603338) Using Too Much Debt?
Aug 14Estimating The Fair Value Of Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338)
Jul 18Return Trends At Zhejiang Dingli MachineryLtd (SHSE:603338) Aren't Appealing
Jul 05Should You Investigate Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) At CN¥63.55?
Jun 02Zhejiang Dingli MachineryLtd (SHSE:603338) Seems To Use Debt Rather Sparingly
May 08Zhejiang Dingli Machinery Co.,Ltd's (SHSE:603338) Shares Lagging The Market But So Is The Business
Apr 25Zhejiang Dingli MachineryLtd (SHSE:603338) Hasn't Managed To Accelerate Its Returns
Mar 29Here's Why We Think Zhejiang Dingli MachineryLtd (SHSE:603338) Might Deserve Your Attention Today
Mar 15At CN¥57.49, Is It Time To Put Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) On Your Watch List?
Feb 29Financial Position Analysis
Short Term Liabilities: 603338's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 603338's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥810.9M).
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 reduced from 17.5% to 11.3% over the past 5 years.
Debt Coverage: 603338's debt is well covered by operating cash flow (193.7%).
Interest Coverage: 603338 earns more interest than it pays, so coverage of interest payments is not a concern.