Hangzhou Zhongtai Cryogenic Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Zhongtai Cryogenic Technology has a total shareholder equity of CN¥3.3B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are CN¥5.6B and CN¥2.3B respectively. Hangzhou Zhongtai Cryogenic Technology's EBIT is CN¥380.8M making its interest coverage ratio -13.7. It has cash and short-term investments of CN¥2.0B.
Key information
37.1%
Debt to equity ratio
CN¥1.20b
Debt
Interest coverage ratio | -13.7x |
Cash | CN¥2.00b |
Equity | CN¥3.25b |
Total liabilities | CN¥2.30b |
Total assets | CN¥5.55b |
Recent financial health updates
No updates
Recent updates
Hangzhou Zhongtai Cryogenic Technology's (SZSE:300435) Upcoming Dividend Will Be Larger Than Last Year's
May 21Solid Earnings May Not Tell The Whole Story For Hangzhou Zhongtai Cryogenic Technology (SZSE:300435)
May 01Here's Why We Think Hangzhou Zhongtai Cryogenic Technology (SZSE:300435) Might Deserve Your Attention Today
Feb 29Financial Position Analysis
Short Term Liabilities: 300435's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 300435's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥162.6M).
Debt to Equity History and Analysis
Debt Level: 300435 has more cash than its total debt.
Reducing Debt: 300435's debt to equity ratio has increased from 21.6% to 37.1% over the past 5 years.
Debt Coverage: 300435's debt is well covered by operating cash flow (36.8%).
Interest Coverage: 300435 earns more interest than it pays, so coverage of interest payments is not a concern.