Zhe Kuang Heavy IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhe Kuang Heavy IndustryLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥302.1M, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are CN¥2.2B and CN¥721.4M respectively. Zhe Kuang Heavy IndustryLtd's EBIT is CN¥129.7M making its interest coverage ratio -20.6. It has cash and short-term investments of CN¥585.8M.
Key information
20.8%
Debt to equity ratio
CN¥302.13m
Debt
Interest coverage ratio | -20.6x |
Cash | CN¥585.82m |
Equity | CN¥1.45b |
Total liabilities | CN¥721.40m |
Total assets | CN¥2.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300837's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥421.6M).
Long Term Liabilities: 300837's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥299.8M).
Debt to Equity History and Analysis
Debt Level: 300837 has more cash than its total debt.
Reducing Debt: 300837's debt to equity ratio has increased from 1% to 20.8% over the past 5 years.
Debt Coverage: 300837's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300837 earns more interest than it pays, so coverage of interest payments is not a concern.