Zhejiang Wandekai Fluid Equipment Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Wandekai Fluid Equipment Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥109.8M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are CN¥1.7B and CN¥226.7M respectively. Zhejiang Wandekai Fluid Equipment Technology's EBIT is CN¥109.1M making its interest coverage ratio -4.4. It has cash and short-term investments of CN¥698.7M.
Key information
7.4%
Debt to equity ratio
CN¥109.84m
Debt
| Interest coverage ratio | -4.4x |
| Cash | CN¥698.66m |
| Equity | CN¥1.48b |
| Total liabilities | CN¥226.74m |
| Total assets | CN¥1.70b |
Financial Position Analysis
Short Term Liabilities: 301309's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥209.1M).
Long Term Liabilities: 301309's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥17.7M).
Debt to Equity History and Analysis
Debt Level: 301309 has more cash than its total debt.
Reducing Debt: 301309's debt to equity ratio has reduced from 31.9% to 7.4% over the past 5 years.
Debt Coverage: 301309's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301309 earns more interest than it pays, so coverage of interest payments is not a concern.