Zhejiang Walrus New Material Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Walrus New Material has a total shareholder equity of CN¥1.5B and total debt of CN¥643.1M, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are CN¥2.4B and CN¥914.4M respectively. Zhejiang Walrus New Material's EBIT is CN¥272.2M making its interest coverage ratio 11.9. It has cash and short-term investments of CN¥340.6M.
Key information
42.6%
Debt to equity ratio
CN¥643.12m
Debt
Interest coverage ratio | 11.9x |
Cash | CN¥340.65m |
Equity | CN¥1.51b |
Total liabilities | CN¥914.41m |
Total assets | CN¥2.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 003011's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥879.8M).
Long Term Liabilities: 003011's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥34.6M).
Debt to Equity History and Analysis
Debt Level: 003011's net debt to equity ratio (20%) is considered satisfactory.
Reducing Debt: 003011's debt to equity ratio has reduced from 61.1% to 42.6% over the past 5 years.
Debt Coverage: 003011's debt is well covered by operating cash flow (72.4%).
Interest Coverage: 003011's interest payments on its debt are well covered by EBIT (11.9x coverage).