Zhejiang Chenfeng Technology Balance Sheet Health
Financial Health criteria checks 1/6
Zhejiang Chenfeng Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 149.8%. Its total assets and total liabilities are CN¥3.5B and CN¥2.3B respectively. Zhejiang Chenfeng Technology's EBIT is CN¥61.7M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥384.6M.
Key information
149.8%
Debt to equity ratio
CN¥1.80b
Debt
Interest coverage ratio | 1.4x |
Cash | CN¥384.63m |
Equity | CN¥1.20b |
Total liabilities | CN¥2.25b |
Total assets | CN¥3.46b |
Financial Position Analysis
Short Term Liabilities: 603685's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥878.8M).
Long Term Liabilities: 603685's short term assets (CN¥1.2B) do not cover its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 603685's net debt to equity ratio (117.9%) is considered high.
Reducing Debt: 603685's debt to equity ratio has increased from 11.4% to 149.8% over the past 5 years.
Debt Coverage: 603685's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: 603685's interest payments on its debt are not well covered by EBIT (1.4x coverage).