Zhejiang Wanliyang Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Wanliyang has a total shareholder equity of CN¥6.0B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are CN¥11.1B and CN¥5.1B respectively. Zhejiang Wanliyang's EBIT is CN¥297.1M making its interest coverage ratio 6.7. It has cash and short-term investments of CN¥932.4M.
Key information
36.1%
Debt to equity ratio
CN¥2.18b
Debt
| Interest coverage ratio | 6.7x |
| Cash | CN¥932.41m |
| Equity | CN¥6.03b |
| Total liabilities | CN¥5.07b |
| Total assets | CN¥11.10b |
Recent financial health updates
Recent updates
Here's What's Concerning About Zhejiang Wanliyang's (SZSE:002434) Returns On Capital
Jun 26
Is Zhejiang Wanliyang (SZSE:002434) Using Too Much Debt?
Jun 09Zhejiang Wanliyang Co., Ltd. (SZSE:002434) Shares Could Be 29% Above Their Intrinsic Value Estimate
May 24Zhejiang Wanliyang's (SZSE:002434) Shareholders Have More To Worry About Than Only Soft Earnings
May 06Zhejiang Wanliyang Co., Ltd.'s (SZSE:002434) Revenues Are Not Doing Enough For Some Investors
Apr 16Zhejiang Wanliyang (SZSE:002434) Has Some Difficulty Using Its Capital Effectively
Mar 01Financial Position Analysis
Short Term Liabilities: 002434's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 002434's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥871.0M).
Debt to Equity History and Analysis
Debt Level: 002434's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: 002434's debt to equity ratio has increased from 31.7% to 36.1% over the past 5 years.
Debt Coverage: 002434's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: 002434's interest payments on its debt are well covered by EBIT (6.7x coverage).