Zhejiang Taifu Pump Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Taifu Pump has a total shareholder equity of CN¥801.5M and total debt of CN¥455.0M, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are CN¥1.6B and CN¥823.2M respectively. Zhejiang Taifu Pump's EBIT is CN¥57.1M making its interest coverage ratio 11.9. It has cash and short-term investments of CN¥371.7M.
Key information
56.8%
Debt to equity ratio
CN¥454.97m
Debt
| Interest coverage ratio | 11.9x |
| Cash | CN¥371.70m |
| Equity | CN¥801.50m |
| Total liabilities | CN¥823.15m |
| Total assets | CN¥1.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300992's short term assets (CN¥949.2M) exceed its short term liabilities (CN¥485.3M).
Long Term Liabilities: 300992's short term assets (CN¥949.2M) exceed its long term liabilities (CN¥337.8M).
Debt to Equity History and Analysis
Debt Level: 300992's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: 300992's debt to equity ratio has increased from 0% to 56.8% over the past 5 years.
Debt Coverage: 300992's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: 300992's interest payments on its debt are well covered by EBIT (11.9x coverage).