Zhejiang TaitanLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang TaitanLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥296.7M, which brings its debt-to-equity ratio to 20.2%. Its total assets and total liabilities are CN¥3.1B and CN¥1.6B respectively. Zhejiang TaitanLtd's EBIT is CN¥110.7M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥1.2B.
Key information
20.2%
Debt to equity ratio
CN¥296.69m
Debt
Interest coverage ratio | -5.9x |
Cash | CN¥1.17b |
Equity | CN¥1.47b |
Total liabilities | CN¥1.63b |
Total assets | CN¥3.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003036's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 003036's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥383.0M).
Debt to Equity History and Analysis
Debt Level: 003036 has more cash than its total debt.
Reducing Debt: 003036's debt to equity ratio has increased from 0% to 20.2% over the past 5 years.
Debt Coverage: 003036's debt is well covered by operating cash flow (41.4%).
Interest Coverage: 003036 earns more interest than it pays, so coverage of interest payments is not a concern.