Zhejiang Weixing New Building Materials Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Weixing New Building Materials has a total shareholder equity of CN¥4.9B and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥6.5B and CN¥1.6B respectively. Zhejiang Weixing New Building Materials's EBIT is CN¥1.3B making its interest coverage ratio -11.8. It has cash and short-term investments of CN¥2.3B.
Key information
0.2%
Debt to equity ratio
CN¥10.00m
Debt
| Interest coverage ratio | -11.8x |
| Cash | CN¥2.25b |
| Equity | CN¥4.91b |
| Total liabilities | CN¥1.55b |
| Total assets | CN¥6.46b |
Recent financial health updates
No updates
Recent updates
Estimating The Intrinsic Value Of Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372)
Nov 18
Zhejiang Weixing New Building Materials Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Nov 01Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Shares Fly 37% But Investors Aren't Buying For Growth
Oct 07Results: Zhejiang Weixing New Building Materials Co., Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts
Aug 26Are Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Investors Paying Above The Intrinsic Value?
Aug 12Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Looks Inexpensive But Perhaps Not Attractive Enough
Jul 26Zhejiang Weixing New Building Materials (SZSE:002372) Might Become A Compounding Machine
Jun 12The Zhejiang Weixing New Building Materials Co., Ltd. (SZSE:002372) Annual Results Are Out And Analysts Have Published New Forecasts
Apr 10Zhejiang Weixing New Building Materials (SZSE:002372) Knows How To Allocate Capital
Feb 29Financial Position Analysis
Short Term Liabilities: 002372's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002372's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥100.3M).
Debt to Equity History and Analysis
Debt Level: 002372 has more cash than its total debt.
Reducing Debt: 002372's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.
Debt Coverage: 002372's debt is well covered by operating cash flow (13828.5%).
Interest Coverage: 002372 earns more interest than it pays, so coverage of interest payments is not a concern.