Zhongyeda Electric Balance Sheet Health
Financial Health criteria checks 6/6
Zhongyeda Electric has a total shareholder equity of CN¥4.6B and total debt of CN¥15.9M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥6.9B and CN¥2.3B respectively. Zhongyeda Electric's EBIT is CN¥141.4M making its interest coverage ratio -7.1. It has cash and short-term investments of CN¥1.4B.
Key information
0.3%
Debt to equity ratio
CN¥15.86m
Debt
| Interest coverage ratio | -7.1x |
| Cash | CN¥1.36b |
| Equity | CN¥4.58b |
| Total liabilities | CN¥2.33b |
| Total assets | CN¥6.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002441's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002441's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥49.3M).
Debt to Equity History and Analysis
Debt Level: 002441 has more cash than its total debt.
Reducing Debt: 002441's debt to equity ratio has reduced from 6.1% to 0.3% over the past 5 years.
Debt Coverage: 002441's debt is well covered by operating cash flow (4505.5%).
Interest Coverage: 002441 earns more interest than it pays, so coverage of interest payments is not a concern.