Zhejiang Tongxing Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Tongxing Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥64.9M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are CN¥1.7B and CN¥518.2M respectively. Zhejiang Tongxing Technology's EBIT is CN¥116.4M making its interest coverage ratio -6.5. It has cash and short-term investments of CN¥591.4M.
Key information
5.6%
Debt to equity ratio
CN¥64.94m
Debt
| Interest coverage ratio | -6.5x |
| Cash | CN¥591.42m |
| Equity | CN¥1.17b |
| Total liabilities | CN¥518.25m |
| Total assets | CN¥1.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301252's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥512.5M).
Long Term Liabilities: 301252's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥5.8M).
Debt to Equity History and Analysis
Debt Level: 301252 has more cash than its total debt.
Reducing Debt: 301252's debt to equity ratio has reduced from 45.4% to 5.6% over the past 5 years.
Debt Coverage: 301252's debt is well covered by operating cash flow (45.7%).
Interest Coverage: 301252 earns more interest than it pays, so coverage of interest payments is not a concern.