Changzhou Evergreen Technology Balance Sheet Health
Financial Health criteria checks 5/6
Changzhou Evergreen Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥38.4M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CN¥1.3B and CN¥212.7M respectively. Changzhou Evergreen Technology's EBIT is CN¥64.1M making its interest coverage ratio -26.7. It has cash and short-term investments of CN¥544.2M.
Key information
3.5%
Debt to equity ratio
CN¥38.42m
Debt
Interest coverage ratio | -26.7x |
Cash | CN¥544.25m |
Equity | CN¥1.08b |
Total liabilities | CN¥212.67m |
Total assets | CN¥1.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001324's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥208.3M).
Long Term Liabilities: 001324's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥4.3M).
Debt to Equity History and Analysis
Debt Level: 001324 has more cash than its total debt.
Reducing Debt: 001324's debt to equity ratio has reduced from 23.9% to 3.5% over the past 5 years.
Debt Coverage: 001324's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: 001324 earns more interest than it pays, so coverage of interest payments is not a concern.