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¥49.2M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are CN¥1.4B and CN¥322.8M respectively. Zhejiang TongLi Transmission Technology's EBIT is CN¥53.9M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥519.9M.
Key information
4.8%
Debt to equity ratio
CN¥49.24m
Debt
| Interest coverage ratio | -3.4x |
| Cash | CN¥519.90m |
| Equity | CN¥1.03b |
| Total liabilities | CN¥322.85m |
| Total assets | CN¥1.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301255's short term assets (CN¥826.6M) exceed its short term liabilities (CN¥290.3M).
Long Term Liabilities: 301255's short term assets (CN¥826.6M) exceed its long term liabilities (CN¥32.5M).
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 59.1% to 4.8% over the past 5 years.
Debt Coverage: 301255's debt is well covered by operating cash flow (123.7%).
Interest Coverage: 301255 earns more interest than it pays, so coverage of interest payments is not a concern.