Zhejiang Wanliyang Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Wanliyang has a total shareholder equity of CN¥5.8B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 39.6%. Its total assets and total liabilities are CN¥10.8B and CN¥5.0B respectively. Zhejiang Wanliyang's EBIT is CN¥291.4M making its interest coverage ratio 5.3. It has cash and short-term investments of CN¥742.9M.
Key information
39.6%
Debt to equity ratio
CN¥2.31b
Debt
| Interest coverage ratio | 5.3x |
| Cash | CN¥742.87m |
| Equity | CN¥5.82b |
| Total liabilities | CN¥5.00b |
| Total assets | CN¥10.82b |
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¥3.8B).
Long Term Liabilities: 002434's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002434's net debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: 002434's debt to equity ratio has increased from 19.1% to 39.6% over the past 5 years.
Debt Coverage: 002434's debt is not well covered by operating cash flow (19.9%).
Interest Coverage: 002434's interest payments on its debt are well covered by EBIT (5.3x coverage).