Zhejiang Dingli MachineryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Dingli MachineryLtd has a total shareholder equity of CN¥9.2B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are CN¥14.5B and CN¥5.3B respectively. Zhejiang Dingli MachineryLtd's EBIT is CN¥1.9B making its interest coverage ratio -8.2. It has cash and short-term investments of CN¥4.0B.
Key information
11.8%
Debt to equity ratio
CN¥1.08b
Debt
| Interest coverage ratio | -8.2x |
| Cash | CN¥4.02b |
| Equity | CN¥9.17b |
| Total liabilities | CN¥5.31b |
| Total assets | CN¥14.49b |
Recent financial health updates
No updates
Recent updates
Zhejiang Dingli Machinery Co.,Ltd's (SHSE:603338) Shares Lagging The Market But So Is The Business
Apr 25
Zhejiang 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¥10.3B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 603338's short term assets (CN¥10.3B) exceed its long term liabilities (CN¥729.9M).
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 14.1% to 11.8% over the past 5 years.
Debt Coverage: 603338's debt is well covered by operating cash flow (194.9%).
Interest Coverage: 603338 earns more interest than it pays, so coverage of interest payments is not a concern.