Zhejiang Langdi Group Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Langdi Group has a total shareholder equity of CN¥1.2B and total debt of CN¥348.4M, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are CN¥2.3B and CN¥1.0B respectively. Zhejiang Langdi Group's EBIT is CN¥138.8M making its interest coverage ratio 13.5. It has cash and short-term investments of CN¥196.2M.
Key information
28.3%
Debt to equity ratio
CN¥348.45m
Debt
Interest coverage ratio | 13.5x |
Cash | CN¥196.18m |
Equity | CN¥1.23b |
Total liabilities | CN¥1.04b |
Total assets | CN¥2.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603726's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥813.5M).
Long Term Liabilities: 603726's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥230.3M).
Debt to Equity History and Analysis
Debt Level: 603726's net debt to equity ratio (12.4%) is considered satisfactory.
Reducing Debt: 603726's debt to equity ratio has increased from 15% to 28.3% over the past 5 years.
Debt Coverage: 603726's debt is well covered by operating cash flow (49.8%).
Interest Coverage: 603726's interest payments on its debt are well covered by EBIT (13.5x coverage).