Zhejiang Chint Electrics Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Chint Electrics has a total shareholder equity of CN¥50.1B and total debt of CN¥23.3B, which brings its debt-to-equity ratio to 46.5%. Its total assets and total liabilities are CN¥134.9B and CN¥84.9B respectively. Zhejiang Chint Electrics's EBIT is CN¥7.8B making its interest coverage ratio -301. It has cash and short-term investments of CN¥11.3B.
Key information
46.5%
Debt to equity ratio
CN¥23.29b
Debt
| Interest coverage ratio | -301x |
| Cash | CN¥11.28b |
| Equity | CN¥50.09b |
| Total liabilities | CN¥84.85b |
| Total assets | CN¥134.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601877's short term assets (CN¥79.3B) exceed its short term liabilities (CN¥52.8B).
Long Term Liabilities: 601877's short term assets (CN¥79.3B) exceed its long term liabilities (CN¥32.0B).
Debt to Equity History and Analysis
Debt Level: 601877's net debt to equity ratio (24%) is considered satisfactory.
Reducing Debt: 601877's debt to equity ratio has reduced from 50.4% to 46.5% over the past 5 years.
Debt Coverage: 601877's debt is well covered by operating cash flow (43%).
Interest Coverage: 601877 earns more interest than it pays, so coverage of interest payments is not a concern.