Zhejiang Hengwei Battery Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Hengwei Battery has a total shareholder equity of CN¥1.4B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.4B and CN¥66.8M respectively. Zhejiang Hengwei Battery's EBIT is CN¥130.3M making its interest coverage ratio -8.3. It has cash and short-term investments of CN¥891.5M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -8.3x |
| Cash | CN¥891.51m |
| Equity | CN¥1.36b |
| Total liabilities | CN¥66.82m |
| Total assets | CN¥1.42b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301222's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥64.9M).
Long Term Liabilities: 301222's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥1.9M).
Debt to Equity History and Analysis
Debt Level: 301222 is debt free.
Reducing Debt: 301222 has not had any debt for past 5 years.
Debt Coverage: 301222 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301222 has no debt, therefore coverage of interest payments is not a concern.