Zhejiang Wanliyang Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Wanliyang has a total shareholder equity of CN¥5.7B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are CN¥10.8B and CN¥5.0B respectively. Zhejiang Wanliyang's EBIT is CN¥260.8M making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥690.6M.
Key information
38.8%
Debt to equity ratio
CN¥2.23b
Debt
| Interest coverage ratio | 5.4x |
| Cash | CN¥690.60m |
| Equity | CN¥5.74b |
| Total liabilities | CN¥5.04b |
| Total assets | CN¥10.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002434's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 002434's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 002434's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: 002434's debt to equity ratio has increased from 28.3% to 38.8% over the past 5 years.
Debt Coverage: 002434's debt is not well covered by operating cash flow (5.7%).
Interest Coverage: 002434's interest payments on its debt are well covered by EBIT (5.4x coverage).