Zhejiang Tengen ElectricsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Tengen ElectricsLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥5.5M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥3.3B and CN¥1.5B respectively. Zhejiang Tengen ElectricsLtd's EBIT is CN¥137.7M making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥910.3M.
Key information
0.3%
Debt to equity ratio
CN¥5.47m
Debt
Interest coverage ratio | -9.8x |
Cash | CN¥910.32m |
Equity | CN¥1.87b |
Total liabilities | CN¥1.46b |
Total assets | CN¥3.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605066's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 605066's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥56.4M).
Debt to Equity History and Analysis
Debt Level: 605066 has more cash than its total debt.
Reducing Debt: 605066's debt to equity ratio has reduced from 33.9% to 0.3% over the past 5 years.
Debt Coverage: 605066's debt is well covered by operating cash flow (7443.9%).
Interest Coverage: 605066 earns more interest than it pays, so coverage of interest payments is not a concern.