Ningbo Zhenyu Technology Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Zhenyu Technology has a total shareholder equity of CN¥2.6B and total debt of CN¥4.8B, which brings its debt-to-equity ratio to 184.1%. Its total assets and total liabilities are CN¥10.8B and CN¥8.2B respectively. Ningbo Zhenyu Technology's EBIT is CN¥249.9M making its interest coverage ratio -290.7. It has cash and short-term investments of CN¥1.5B.
Key information
184.1%
Debt to equity ratio
CN¥4.77b
Debt
| Interest coverage ratio | -290.7x |
| Cash | CN¥1.46b |
| Equity | CN¥2.59b |
| Total liabilities | CN¥8.16b |
| Total assets | CN¥10.75b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300953's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 300953's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 300953's net debt to equity ratio (127.9%) is considered high.
Reducing Debt: 300953's debt to equity ratio has increased from 54.4% to 184.1% over the past 5 years.
Debt Coverage: 300953's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300953 earns more interest than it pays, so coverage of interest payments is not a concern.