Zhejiang TongLi Transmission Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang TongLi Transmission Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥35.4M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CN¥1.3B and CN¥284.5M respectively. Zhejiang TongLi Transmission Technology's EBIT is CN¥59.5M making its interest coverage ratio -3.7. It has cash and short-term investments of CN¥568.0M.
Key information
3.5%
Debt to equity ratio
CN¥35.45m
Debt
| Interest coverage ratio | -3.7x |
| Cash | CN¥568.02m |
| Equity | CN¥1.02b |
| Total liabilities | CN¥284.51m |
| Total assets | CN¥1.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301255's short term assets (CN¥857.3M) exceed its short term liabilities (CN¥251.4M).
Long Term Liabilities: 301255's short term assets (CN¥857.3M) exceed its long term liabilities (CN¥33.1M).
Debt to Equity History and Analysis
Debt Level: 301255 has more cash than its total debt.
Reducing Debt: 301255's debt to equity ratio has reduced from 62.3% to 3.5% over the past 5 years.
Debt Coverage: 301255's debt is well covered by operating cash flow (230.9%).
Interest Coverage: 301255 earns more interest than it pays, so coverage of interest payments is not a concern.