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¥5.9B and total debt of CN¥1.3M, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are CN¥7.2B and CN¥1.3B respectively. Zhejiang Weixing New Building Materials's EBIT is CN¥1.5B making its interest coverage ratio -7.7. It has cash and short-term investments of CN¥2.9B.
Key information
0.02%
Debt to equity ratio
CN¥1.28m
Debt
| Interest coverage ratio | -7.7x |
| Cash | CN¥2.91b |
| Equity | CN¥5.86b |
| Total liabilities | CN¥1.30b |
| Total assets | CN¥7.16b |
Financial Position Analysis
Short Term Liabilities: 002372's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002372's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥79.2M).
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 0.02% over the past 5 years.
Debt Coverage: 002372's debt is well covered by operating cash flow (105105.8%).
Interest Coverage: 002372 earns more interest than it pays, so coverage of interest payments is not a concern.