Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd.

SHSE:688565 Stock Report

Market Cap: CN¥1.1b

Zhejiang Haiyan Power System Resources Environmental TechnologyLtd Balance Sheet Health

Financial Health criteria checks 4/6

Zhejiang Haiyan Power System Resources Environmental TechnologyLtd has a total shareholder equity of CN¥466.6M and total debt of CN¥119.7M, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are CN¥933.8M and CN¥467.2M respectively.

Key information

25.7%

Debt to equity ratio

CN¥119.73m

Debt

Interest coverage ration/a
CashCN¥81.55m
EquityCN¥466.59m
Total liabilitiesCN¥467.20m
Total assetsCN¥933.79m

Recent financial health updates

No updates

Recent updates

Optimistic Investors Push Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd. (SHSE:688565) Shares Up 39% But Growth Is Lacking

Oct 08
Optimistic Investors Push Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd. (SHSE:688565) Shares Up 39% But Growth Is Lacking

Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd. (SHSE:688565) May Have Run Too Fast Too Soon With Recent 31% Price Plummet

Apr 16
Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd. (SHSE:688565) May Have Run Too Fast Too Soon With Recent 31% Price Plummet

Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd.'s (SHSE:688565) Popularity With Investors Under Threat As Stock Sinks 26%

Feb 26
Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd.'s (SHSE:688565) Popularity With Investors Under Threat As Stock Sinks 26%

Financial Position Analysis

Short Term Liabilities: 688565's short term assets (CN¥616.0M) exceed its short term liabilities (CN¥461.8M).

Long Term Liabilities: 688565's short term assets (CN¥616.0M) exceed its long term liabilities (CN¥5.4M).


Debt to Equity History and Analysis

Debt Level: 688565's net debt to equity ratio (8.2%) is considered satisfactory.

Reducing Debt: 688565's debt to equity ratio has increased from 10.4% to 25.7% over the past 5 years.

Debt Coverage: 688565's debt is well covered by operating cash flow (34.9%).

Interest Coverage: Insufficient data to determine if 688565's interest payments on its debt are well covered by EBIT.


Balance Sheet


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