Zhejiang Xidamen New MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Xidamen New MaterialLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.3B and CN¥89.4M respectively. Zhejiang Xidamen New MaterialLtd's EBIT is CN¥85.3M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥574.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -5.4x |
Cash | CN¥574.28m |
Equity | CN¥1.23b |
Total liabilities | CN¥89.36m |
Total assets | CN¥1.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605155's short term assets (CN¥805.4M) exceed its short term liabilities (CN¥81.7M).
Long Term Liabilities: 605155's short term assets (CN¥805.4M) exceed its long term liabilities (CN¥7.6M).
Debt to Equity History and Analysis
Debt Level: 605155 is debt free.
Reducing Debt: 605155 has not had any debt for past 5 years.
Debt Coverage: 605155 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 605155 has no debt, therefore coverage of interest payments is not a concern.