Hangzhou Zhongya Machinery Balance Sheet Health
Financial Health criteria checks 4/6
Hangzhou Zhongya Machinery has a total shareholder equity of CN¥1.6B and total debt of CN¥288.8M, which brings its debt-to-equity ratio to 17.6%. Its total assets and total liabilities are CN¥2.7B and CN¥1.0B respectively. Hangzhou Zhongya Machinery's EBIT is CN¥10.1M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥390.5M.
Key information
17.6%
Debt to equity ratio
CN¥288.82m
Debt
Interest coverage ratio | -1.4x |
Cash | CN¥390.48m |
Equity | CN¥1.64b |
Total liabilities | CN¥1.02b |
Total assets | CN¥2.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300512's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥992.3M).
Long Term Liabilities: 300512's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥28.4M).
Debt to Equity History and Analysis
Debt Level: 300512 has more cash than its total debt.
Reducing Debt: 300512's debt to equity ratio has increased from 0% to 17.6% over the past 5 years.
Debt Coverage: 300512's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: 300512 earns more interest than it pays, so coverage of interest payments is not a concern.