Zhejiang Walrus New Material Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Walrus New Material has a total shareholder equity of CN¥1.4B and total debt of CN¥604.8M, which brings its debt-to-equity ratio to 44.4%. Its total assets and total liabilities are CN¥2.3B and CN¥897.4M respectively.
Key information
44.4%
Debt to equity ratio
CN¥604.79m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥228.69m |
| Equity | CN¥1.36b |
| Total liabilities | CN¥897.40m |
| Total assets | CN¥2.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003011's short term assets (CN¥960.3M) exceed its short term liabilities (CN¥880.1M).
Long Term Liabilities: 003011's short term assets (CN¥960.3M) exceed its long term liabilities (CN¥17.3M).
Debt to Equity History and Analysis
Debt Level: 003011's net debt to equity ratio (27.6%) is considered satisfactory.
Reducing Debt: 003011's debt to equity ratio has reduced from 54.9% to 44.4% over the past 5 years.
Debt Coverage: 003011's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: Insufficient data to determine if 003011's interest payments on its debt are well covered by EBIT.