Zhejiang Chint Electrics Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Chint Electrics has a total shareholder equity of CN¥48.1B and total debt of CN¥18.4B, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are CN¥122.3B and CN¥74.2B respectively. Zhejiang Chint Electrics's EBIT is CN¥7.0B making its interest coverage ratio -265.8. It has cash and short-term investments of CN¥9.0B.
Key information
38.3%
Debt to equity ratio
CN¥18.42b
Debt
Interest coverage ratio | -265.8x |
Cash | CN¥9.01b |
Equity | CN¥48.12b |
Total liabilities | CN¥74.22b |
Total assets | CN¥122.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601877's short term assets (CN¥72.0B) exceed its short term liabilities (CN¥46.9B).
Long Term Liabilities: 601877's short term assets (CN¥72.0B) exceed its long term liabilities (CN¥27.3B).
Debt to Equity History and Analysis
Debt Level: 601877's net debt to equity ratio (19.6%) is considered satisfactory.
Reducing Debt: 601877's debt to equity ratio has reduced from 51.6% to 38.3% over the past 5 years.
Debt Coverage: 601877's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 601877 earns more interest than it pays, so coverage of interest payments is not a concern.