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¥111.1M, which brings its debt-to-equity ratio to 10.9%. Its total assets and total liabilities are CN¥1.3B and CN¥253.6M respectively. Zhejiang Tiantai Xianghe IndustrialLtd's EBIT is CN¥50.6M making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥276.0M.
Key information
10.9%
Debt to equity ratio
CN¥111.09m
Debt
| Interest coverage ratio | -4.7x |
| Cash | CN¥275.98m |
| Equity | CN¥1.02b |
| Total liabilities | CN¥253.56m |
| Total assets | CN¥1.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603500's short term assets (CN¥822.5M) exceed its short term liabilities (CN¥239.4M).
Long Term Liabilities: 603500's short term assets (CN¥822.5M) exceed its long term liabilities (CN¥14.2M).
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 10.9% over the past 5 years.
Debt Coverage: 603500's debt is well covered by operating cash flow (44.1%).
Interest Coverage: 603500 earns more interest than it pays, so coverage of interest payments is not a concern.