Zhejiang grandwall electric science&technologyltd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang grandwall electric science&technologyltd has a total shareholder equity of CN¥2.8B and total debt of CN¥763.2M, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are CN¥6.8B and CN¥4.0B respectively. Zhejiang grandwall electric science&technologyltd's EBIT is CN¥358.9M making its interest coverage ratio -15.4. It has cash and short-term investments of CN¥2.3B.
Key information
26.9%
Debt to equity ratio
CN¥763.19m
Debt
Interest coverage ratio | -15.4x |
Cash | CN¥2.27b |
Equity | CN¥2.83b |
Total liabilities | CN¥3.98b |
Total assets | CN¥6.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603897's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 603897's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥60.0M).
Debt to Equity History and Analysis
Debt Level: 603897 has more cash than its total debt.
Reducing Debt: 603897's debt to equity ratio has reduced from 28.2% to 26.9% over the past 5 years.
Debt Coverage: 603897's debt is well covered by operating cash flow (98%).
Interest Coverage: 603897 earns more interest than it pays, so coverage of interest payments is not a concern.