Zhejiang Extek Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Extek Technology has a total shareholder equity of CN¥1.3B 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¥54.8M respectively. Zhejiang Extek Technology's EBIT is CN¥93.7M making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥815.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -4.5x |
| Cash | CN¥815.25m |
| Equity | CN¥1.32b |
| Total liabilities | CN¥54.84m |
| Total assets | CN¥1.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301399's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥45.5M).
Long Term Liabilities: 301399's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥9.3M).
Debt to Equity History and Analysis
Debt Level: 301399 is debt free.
Reducing Debt: 301399 has no debt compared to 5 years ago when its debt to equity ratio was 42.2%.
Debt Coverage: 301399 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301399 has no debt, therefore coverage of interest payments is not a concern.