Zhejiang Tiantai Xianghe IndustrialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Tiantai Xianghe IndustrialLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥81.6M, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are CN¥1.2B and CN¥216.2M respectively. Zhejiang Tiantai Xianghe IndustrialLtd's EBIT is CN¥79.4M making its interest coverage ratio -13.9. It has cash and short-term investments of CN¥250.3M.
Key information
8.1%
Debt to equity ratio
CN¥81.56m
Debt
| Interest coverage ratio | -13.9x |
| Cash | CN¥250.34m |
| Equity | CN¥1.01b |
| Total liabilities | CN¥216.25m |
| Total assets | CN¥1.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603500's short term assets (CN¥781.4M) exceed its short term liabilities (CN¥202.7M).
Long Term Liabilities: 603500's short term assets (CN¥781.4M) exceed its long term liabilities (CN¥13.5M).
Debt to Equity History and Analysis
Debt Level: 603500 has more cash than its total debt.
Reducing Debt: 603500's debt to equity ratio has increased from 0% to 8.1% over the past 5 years.
Debt Coverage: 603500's debt is well covered by operating cash flow (71.2%).
Interest Coverage: 603500 earns more interest than it pays, so coverage of interest payments is not a concern.