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¥62.3M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are CN¥1.7B and CN¥559.4M respectively. Zhejiang Tongxing Technology's EBIT is CN¥135.1M making its interest coverage ratio -21.5. It has cash and short-term investments of CN¥650.6M.
Key information
5.2%
Debt to equity ratio
CN¥62.29m
Debt
Interest coverage ratio | -21.5x |
Cash | CN¥650.58m |
Equity | CN¥1.19b |
Total liabilities | CN¥559.45m |
Total assets | CN¥1.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301252's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥553.7M).
Long Term Liabilities: 301252's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥5.7M).
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 46.7% to 5.2% over the past 5 years.
Debt Coverage: 301252's debt is well covered by operating cash flow (56.4%).
Interest Coverage: 301252 earns more interest than it pays, so coverage of interest payments is not a concern.