Zhejiang Tony Electronic Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Tony Electronic has a total shareholder equity of CN¥2.6B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 89.5%. Its total assets and total liabilities are CN¥6.0B and CN¥3.4B respectively.
Key information
89.5%
Debt to equity ratio
CN¥2.34b
Debt
Interest coverage ratio | n/a |
Cash | CN¥375.17m |
Equity | CN¥2.61b |
Total liabilities | CN¥3.38b |
Total assets | CN¥5.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603595's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 603595's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 603595's net debt to equity ratio (75.2%) is considered high.
Reducing Debt: 603595's debt to equity ratio has increased from 47.5% to 89.5% over the past 5 years.
Debt Coverage: 603595's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 603595's interest payments on its debt are well covered by EBIT.