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¥113.2M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥2.0B and CN¥293.1M respectively. Zhejiang Changsheng Sliding Bearings's EBIT is CN¥243.5M making its interest coverage ratio -18.8. It has cash and short-term investments of CN¥409.3M.
Key information
6.6%
Debt to equity ratio
CN¥113.18m
Debt
| Interest coverage ratio | -18.8x |
| Cash | CN¥409.30m |
| Equity | CN¥1.71b |
| Total liabilities | CN¥293.12m |
| Total assets | CN¥2.00b |
Recent financial health updates
Recent updates
Zhejiang Changsheng Sliding Bearings Co., Ltd.'s (SZSE:300718) Shares Leap 40% Yet They're Still Not Telling The Full Story
Oct 08
Zhejiang Changsheng Sliding Bearings Co., Ltd. (SZSE:300718) Held Back By Insufficient Growth Even After Shares Climb 31%
Aug 21Does Zhejiang Changsheng Sliding Bearings (SZSE:300718) Have A Healthy Balance Sheet?
May 21Market Might Still Lack Some Conviction On Zhejiang Changsheng Sliding Bearings Co., Ltd. (SZSE:300718) Even After 28% Share Price Boost
Mar 07Financial Position Analysis
Short Term Liabilities: 300718's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥263.0M).
Long Term Liabilities: 300718's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥30.1M).
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 6.6% over the past 5 years.
Debt Coverage: 300718's debt is well covered by operating cash flow (229.5%).
Interest Coverage: 300718 earns more interest than it pays, so coverage of interest payments is not a concern.