Zhejiang Extek Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Extek Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥50.0M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are CN¥1.5B and CN¥170.5M respectively. Zhejiang Extek Technology's EBIT is CN¥61.4M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥812.9M.
Key information
3.8%
Debt to equity ratio
CN¥50.00m
Debt
| Interest coverage ratio | -2.8x |
| Cash | CN¥812.88m |
| Equity | CN¥1.31b |
| Total liabilities | CN¥170.47m |
| Total assets | CN¥1.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301399's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥109.4M).
Long Term Liabilities: 301399's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥61.0M).
Debt to Equity History and Analysis
Debt Level: 301399 has more cash than its total debt.
Reducing Debt: 301399's debt to equity ratio has reduced from 31.8% to 3.8% over the past 5 years.
Debt Coverage: 301399's debt is well covered by operating cash flow (81.2%).
Interest Coverage: 301399 earns more interest than it pays, so coverage of interest payments is not a concern.