Zhejiang Development GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Development GroupLtd has a total shareholder equity of CN¥9.3B and total debt of CN¥17.0B, which brings its debt-to-equity ratio to 181.5%. Its total assets and total liabilities are CN¥47.8B and CN¥38.5B respectively. Zhejiang Development GroupLtd's EBIT is CN¥1.2B making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥6.7B.
Key information
181.5%
Debt to equity ratio
CN¥16.96b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥6.73b |
| Equity | CN¥9.34b |
| Total liabilities | CN¥38.49b |
| Total assets | CN¥47.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000906's short term assets (CN¥44.9B) exceed its short term liabilities (CN¥38.1B).
Long Term Liabilities: 000906's short term assets (CN¥44.9B) exceed its long term liabilities (CN¥391.4M).
Debt to Equity History and Analysis
Debt Level: 000906's net debt to equity ratio (109.5%) is considered high.
Reducing Debt: 000906's debt to equity ratio has increased from 111.2% to 181.5% over the past 5 years.
Debt Coverage: 000906's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000906's interest payments on its debt are well covered by EBIT (3.1x coverage).