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 ratio | n/a |
| Cash | CN¥81.55m |
| Equity | CN¥466.59m |
| Total liabilities | CN¥467.20m |
| Total assets | CN¥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
Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd. (SHSE:688565) May Have Run Too Fast Too Soon With Recent 31% Price Plummet
Apr 16Zhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd.'s (SHSE:688565) Popularity With Investors Under Threat As Stock Sinks 26%
Feb 26Financial 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.