Zhejiang Southeast Space Frame Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Southeastce Frame has a total shareholder equity of CN¥6.6B and total debt of CN¥5.9B, which brings its debt-to-equity ratio to 90.2%. Its total assets and total liabilities are CN¥20.2B and CN¥13.6B respectively. Zhejiang Southeastce Frame's EBIT is CN¥363.4M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥1.9B.
Key information
90.2%
Debt to equity ratio
CN¥5.92b
Debt
| Interest coverage ratio | 2.6x |
| Cash | CN¥1.95b |
| Equity | CN¥6.56b |
| Total liabilities | CN¥13.64b |
| Total assets | CN¥20.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002135's short term assets (CN¥17.1B) exceed its short term liabilities (CN¥11.4B).
Long Term Liabilities: 002135's short term assets (CN¥17.1B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 002135's net debt to equity ratio (60.5%) is considered high.
Reducing Debt: 002135's debt to equity ratio has increased from 35% to 90.2% over the past 5 years.
Debt Coverage: 002135's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002135's interest payments on its debt are not well covered by EBIT (2.6x coverage).