Hangzhou Zhongtai Cryogenic Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hangzhou Zhongtai Cryogenic Technology has a total shareholder equity of CN¥3.3B and total debt of CN¥306.9M, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are CN¥4.8B and CN¥1.5B respectively. Hangzhou Zhongtai Cryogenic Technology's EBIT is CN¥294.3M making its interest coverage ratio -12.3. It has cash and short-term investments of CN¥1.1B.
Key information
9.3%
Debt to equity ratio
CN¥306.88m
Debt
| Interest coverage ratio | -12.3x |
| Cash | CN¥1.11b |
| Equity | CN¥3.30b |
| Total liabilities | CN¥1.48b |
| Total assets | CN¥4.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300435's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300435's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥60.7M).
Debt to Equity History and Analysis
Debt Level: 300435 has more cash than its total debt.
Reducing Debt: 300435's debt to equity ratio has reduced from 24.7% to 9.3% over the past 5 years.
Debt Coverage: 300435's debt is well covered by operating cash flow (162.7%).
Interest Coverage: 300435 earns more interest than it pays, so coverage of interest payments is not a concern.