Zhejiang Changsheng Sliding Bearings Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Changsheng Sliding Bearings has a total shareholder equity of CN¥1.7B and total debt of CN¥141.8M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥2.0B and CN¥316.9M respectively. Zhejiang Changsheng Sliding Bearings's EBIT is CN¥251.6M making its interest coverage ratio -12.3. It has cash and short-term investments of CN¥805.7M.
Key information
8.5%
Debt to equity ratio
CN¥141.84m
Debt
| Interest coverage ratio | -12.3x |
| Cash | CN¥805.69m |
| Equity | CN¥1.67b |
| Total liabilities | CN¥316.90m |
| Total assets | CN¥1.99b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300718's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥278.9M).
Long Term Liabilities: 300718's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥38.0M).
Debt to Equity History and Analysis
Debt Level: 300718 has more cash than its total debt.
Reducing Debt: 300718's debt to equity ratio has increased from 0% to 8.5% over the past 5 years.
Debt Coverage: 300718's debt is well covered by operating cash flow (188.5%).
Interest Coverage: 300718 earns more interest than it pays, so coverage of interest payments is not a concern.