Zhiyang Innovation Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhiyang Innovation Technology has a total shareholder equity of CN¥888.3M and total debt of CN¥100.1M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥1.5B and CN¥616.1M respectively. Zhiyang Innovation Technology's EBIT is CN¥37.5M making its interest coverage ratio -3.8. It has cash and short-term investments of CN¥283.8M.
Key information
11.3%
Debt to equity ratio
CN¥100.07m
Debt
| Interest coverage ratio | -3.8x |
| Cash | CN¥283.78m |
| Equity | CN¥888.35m |
| Total liabilities | CN¥616.07m |
| Total assets | CN¥1.50b |
Recent financial health updates
No updates
Recent updates
Zhiyang Innovation Technology Co., Ltd. (SHSE:688191) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Nov 11
Zhiyang Innovation Technology's (SHSE:688191) Solid Profits Have Weak Fundamentals
Nov 01Zhiyang Innovation Technology (SHSE:688191) Will Want To Turn Around Its Return Trends
Sep 30There 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¥1.2B) exceed its short term liabilities (CN¥548.1M).
Long Term Liabilities: 688191's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥68.0M).
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 11.3% over the past 5 years.
Debt Coverage: 688191's debt is well covered by operating cash flow (55.4%).
Interest Coverage: 688191 earns more interest than it pays, so coverage of interest payments is not a concern.