Zhongyan Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhongyan Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥25.6M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are CN¥1.8B and CN¥637.9M respectively. Zhongyan Technology's EBIT is CN¥39.2M making its interest coverage ratio -12.9. It has cash and short-term investments of CN¥467.5M.
Key information
2.2%
Debt to equity ratio
CN¥25.58m
Debt
Interest coverage ratio | -12.9x |
Cash | CN¥467.47m |
Equity | CN¥1.18b |
Total liabilities | CN¥637.87m |
Total assets | CN¥1.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003001's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥630.1M).
Long Term Liabilities: 003001's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥7.8M).
Debt to Equity History and Analysis
Debt Level: 003001 has more cash than its total debt.
Reducing Debt: 003001's debt to equity ratio has reduced from 2.2% to 2.2% over the past 5 years.
Debt Coverage: 003001's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 003001 earns more interest than it pays, so coverage of interest payments is not a concern.