Zhejiang Hengwei Battery Co., Ltd.

SZSE:301222 Stock Report

Market Cap: CN¥2.1b

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
CashCN¥891.51m
EquityCN¥1.36b
Total liabilitiesCN¥66.82m
Total assetsCN¥1.42b

Recent financial health updates

No updates

Recent updates

Zhejiang Hengwei Battery's (SZSE:301222) Shareholders Will Receive A Smaller Dividend Than Last Year

Jun 05
Zhejiang Hengwei Battery's (SZSE:301222) Shareholders Will Receive A Smaller Dividend Than Last Year

Zhejiang Hengwei Battery's (SZSE:301222) Profits May Not Reveal Underlying Issues

May 03
Zhejiang Hengwei Battery's (SZSE:301222) Profits May Not Reveal Underlying Issues

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.


Balance Sheet


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