Ningbo Zhenyu Technology Balance Sheet Health
Financial Health criteria checks 2/6
Ningbo Zhenyu Technology has a total shareholder equity of CN¥2.7B and total debt of CN¥5.0B, which brings its debt-to-equity ratio to 187.3%. Its total assets and total liabilities are CN¥11.0B and CN¥8.3B respectively. Ningbo Zhenyu Technology's EBIT is CN¥256.4M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥1.3B.
Key information
187.3%
Debt to equity ratio
CN¥5.01b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥1.31b |
| Equity | CN¥2.68b |
| Total liabilities | CN¥8.29b |
| Total assets | CN¥10.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300953's short term assets (CN¥6.1B) exceed its short term liabilities (CN¥5.6B).
Long Term Liabilities: 300953's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 300953's net debt to equity ratio (138.4%) is considered high.
Reducing Debt: 300953's debt to equity ratio has increased from 52.4% to 187.3% over the past 5 years.
Debt Coverage: 300953's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300953's interest payments on its debt are not well covered by EBIT (1.8x coverage).