Zhejiang XiaSha Precision Manufacturing Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang XiaSha Precision Manufacturing has a total shareholder equity of CN¥1.3B and total debt of CN¥293.3M, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are CN¥1.9B and CN¥544.9M respectively. Zhejiang XiaSha Precision Manufacturing's EBIT is CN¥55.2M making its interest coverage ratio -261.8. It has cash and short-term investments of CN¥695.8M.
Key information
22.1%
Debt to equity ratio
CN¥293.35m
Debt
| Interest coverage ratio | -261.8x |
| Cash | CN¥695.79m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥544.86m |
| Total assets | CN¥1.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001306's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥302.1M).
Long Term Liabilities: 001306's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥242.8M).
Debt to Equity History and Analysis
Debt Level: 001306 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 001306's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 001306's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: 001306 earns more interest than it pays, so coverage of interest payments is not a concern.