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¥1.5B and CN¥80.4M respectively. Zhejiang Hengwei Battery's EBIT is CN¥120.8M making its interest coverage ratio -3.8. It has cash and short-term investments of CN¥861.4M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -3.8x |
| Cash | CN¥861.37m |
| Equity | CN¥1.37b |
| Total liabilities | CN¥80.36m |
| Total assets | CN¥1.45b |
Recent financial health updates
No updates
Recent updates
We Think That There Are More Issues For Zhejiang Hengwei Battery (SZSE:301222) Than Just Sluggish Earnings
Nov 06
Zhejiang Hengwei Battery Co., Ltd.'s (SZSE:301222) Share Price Boosted 31% But Its Business Prospects Need A Lift Too
Oct 26Zhejiang Hengwei Battery's (SZSE:301222) Shareholders Will Receive A Smaller Dividend Than Last Year
Jun 05Zhejiang Hengwei Battery's (SZSE:301222) Profits May Not Reveal Underlying Issues
May 03Financial Position Analysis
Short Term Liabilities: 301222's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥78.7M).
Long Term Liabilities: 301222's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥1.7M).
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.