Zhejiang Rongtai Electric MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Rongtai Electric MaterialLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥2.0M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥2.1B and CN¥358.6M respectively. Zhejiang Rongtai Electric MaterialLtd's EBIT is CN¥212.7M making its interest coverage ratio -20.8. It has cash and short-term investments of CN¥826.6M.
Key information
0.1%
Debt to equity ratio
CN¥2.02m
Debt
| Interest coverage ratio | -20.8x |
| Cash | CN¥826.62m |
| Equity | CN¥1.77b |
| Total liabilities | CN¥358.61m |
| Total assets | CN¥2.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603119's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥310.7M).
Long Term Liabilities: 603119's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥47.9M).
Debt to Equity History and Analysis
Debt Level: 603119 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603119's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603119's debt is well covered by operating cash flow (12504.1%).
Interest Coverage: 603119 earns more interest than it pays, so coverage of interest payments is not a concern.