Zhiyang Innovation Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhiyang Innovation Technology has a total shareholder equity of CN¥852.8M and total debt of CN¥50.0M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are CN¥1.3B and CN¥482.1M respectively. Zhiyang Innovation Technology's EBIT is CN¥24.9M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥352.8M.
Key information
5.9%
Debt to equity ratio
CN¥50.04m
Debt
Interest coverage ratio | -2.6x |
Cash | CN¥352.79m |
Equity | CN¥852.84m |
Total liabilities | CN¥482.05m |
Total assets | CN¥1.33b |
Recent financial health updates
No updates
Recent updates
There May Be Underlying Issues With The Quality Of Zhiyang Innovation Technology's (SHSE:688191) Earnings
May 02Zhiyang Innovation Technology Co., Ltd. (SHSE:688191) Not Flying Under The Radar
Apr 25Zhiyang Innovation Technology's (SHSE:688191) Returns On Capital Not Reflecting Well On The Business
Mar 19Financial Position Analysis
Short Term Liabilities: 688191's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥463.6M).
Long Term Liabilities: 688191's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥18.4M).
Debt to Equity History and Analysis
Debt Level: 688191 has more cash than its total debt.
Reducing Debt: 688191's debt to equity ratio has increased from 0% to 5.9% over the past 5 years.
Debt Coverage: 688191's debt is well covered by operating cash flow (219.4%).
Interest Coverage: 688191 earns more interest than it pays, so coverage of interest payments is not a concern.