ZHEJIANG NARADA POWER SOURCE Balance Sheet Health
Financial Health criteria checks 2/6
ZHEJIANG NARADA POWER SOURCE has a total shareholder equity of CN¥5.4B and total debt of CN¥8.0B, which brings its debt-to-equity ratio to 149.3%. Its total assets and total liabilities are CN¥20.2B and CN¥14.8B respectively. ZHEJIANG NARADA POWER SOURCE's EBIT is CN¥219.8M making its interest coverage ratio 0.9. It has cash and short-term investments of CN¥2.1B.
Key information
149.3%
Debt to equity ratio
CN¥8.02b
Debt
Interest coverage ratio | 0.9x |
Cash | CN¥2.10b |
Equity | CN¥5.37b |
Total liabilities | CN¥14.82b |
Total assets | CN¥20.20b |
Recent financial health updates
Recent updates
ZHEJIANG NARADA POWER SOURCE's (SZSE:300068) Strong Earnings Are Of Good Quality
Apr 30Market Cool On ZHEJIANG NARADA POWER SOURCE Co. , Ltd.'s (SZSE:300068) Revenues Pushing Shares 26% Lower
Apr 16Is ZHEJIANG NARADA POWER SOURCE (SZSE:300068) Using Too Much Debt?
Mar 22ZHEJIANG NARADA POWER SOURCE Co. , Ltd.'s (SZSE:300068) Subdued P/S Might Signal An Opportunity
Mar 01Financial Position Analysis
Short Term Liabilities: 300068's short term assets (CN¥12.5B) exceed its short term liabilities (CN¥11.2B).
Long Term Liabilities: 300068's short term assets (CN¥12.5B) exceed its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: 300068's net debt to equity ratio (110.2%) is considered high.
Reducing Debt: 300068's debt to equity ratio has increased from 73.2% to 149.3% over the past 5 years.
Debt Coverage: 300068's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: 300068's interest payments on its debt are not well covered by EBIT (0.9x coverage).