Zhejiang Taifu PumpLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Taifu PumpLtd has a total shareholder equity of CN¥811.3M and total debt of CN¥473.9M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are CN¥1.6B and CN¥802.1M respectively. Zhejiang Taifu PumpLtd's EBIT is CN¥69.2M making its interest coverage ratio -1344.1. It has cash and short-term investments of CN¥432.3M.
Key information
58.4%
Debt to equity ratio
CN¥473.94m
Debt
Interest coverage ratio | -1344.1x |
Cash | CN¥432.34m |
Equity | CN¥811.31m |
Total liabilities | CN¥802.07m |
Total assets | CN¥1.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300992's short term assets (CN¥946.1M) exceed its short term liabilities (CN¥467.5M).
Long Term Liabilities: 300992's short term assets (CN¥946.1M) exceed its long term liabilities (CN¥334.5M).
Debt to Equity History and Analysis
Debt Level: 300992's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: 300992's debt to equity ratio has increased from 0% to 58.4% over the past 5 years.
Debt Coverage: 300992's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: 300992 earns more interest than it pays, so coverage of interest payments is not a concern.