Zhejiang Development GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Development GroupLtd has a total shareholder equity of CN¥9.4B and total debt of CN¥17.4B, which brings its debt-to-equity ratio to 185%. Its total assets and total liabilities are CN¥49.5B and CN¥40.2B respectively. Zhejiang Development GroupLtd's EBIT is CN¥1.2B making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥6.2B.
Key information
185.0%
Debt to equity ratio
CN¥17.36b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥6.17b |
| Equity | CN¥9.38b |
| Total liabilities | CN¥40.16b |
| Total assets | CN¥49.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000906's short term assets (CN¥46.6B) exceed its short term liabilities (CN¥39.7B).
Long Term Liabilities: 000906's short term assets (CN¥46.6B) exceed its long term liabilities (CN¥442.5M).
Debt to Equity History and Analysis
Debt Level: 000906's net debt to equity ratio (119.3%) is considered high.
Reducing Debt: 000906's debt to equity ratio has increased from 178% to 185% over the past 5 years.
Debt Coverage: 000906's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000906's interest payments on its debt are well covered by EBIT (3.1x coverage).