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¥1.7B, which brings its debt-to-equity ratio to 145.7%. Its total assets and total liabilities are CN¥3.5B and CN¥2.4B respectively. Zhejiang Chenfeng Technology's EBIT is CN¥78.9M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥254.9M.
Key information
145.7%
Debt to equity ratio
CN¥1.72b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥254.90m |
| Equity | CN¥1.18b |
| Total liabilities | CN¥2.35b |
| Total assets | CN¥3.53b |
Recent financial health updates
No updates
Recent updates
Impressive Earnings May Not Tell The Whole Story For Zhejiang Chenfeng Technology (SHSE:603685)
Nov 05
Zhejiang Chenfeng Technology Co., Ltd.'s (SHSE:603685) Revenues Are Not Doing Enough For Some Investors
Oct 01Zhejiang Chenfeng Technology (SHSE:603685) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Mar 30Zhejiang Chenfeng Technology (SHSE:603685) Will Be Hoping To Turn Its Returns On Capital Around
Mar 19Financial Position Analysis
Short Term Liabilities: 603685's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 603685's short term assets (CN¥1.1B) do not cover its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 603685's net debt to equity ratio (124.1%) is considered high.
Reducing Debt: 603685's debt to equity ratio has increased from 16% to 145.7% over the past 5 years.
Debt Coverage: 603685's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 603685's interest payments on its debt are not well covered by EBIT (1.2x coverage).