Zhejiang Development GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Development GroupLtd has a total shareholder equity of CN¥9.5B and total debt of CN¥8.0B, which brings its debt-to-equity ratio to 84.8%. Its total assets and total liabilities are CN¥34.5B and CN¥25.0B respectively. Zhejiang Development GroupLtd's EBIT is CN¥2.2B making its interest coverage ratio 46.8. It has cash and short-term investments of CN¥6.4B.
Key information
84.8%
Debt to equity ratio
CN¥8.01b
Debt
Interest coverage ratio | 46.8x |
Cash | CN¥6.41b |
Equity | CN¥9.45b |
Total liabilities | CN¥25.03b |
Total assets | CN¥34.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000906's short term assets (CN¥31.5B) exceed its short term liabilities (CN¥24.6B).
Long Term Liabilities: 000906's short term assets (CN¥31.5B) exceed its long term liabilities (CN¥396.7M).
Debt to Equity History and Analysis
Debt Level: 000906's net debt to equity ratio (16.9%) is considered satisfactory.
Reducing Debt: 000906's debt to equity ratio has increased from 75.4% to 84.8% 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 (46.8x coverage).