Zhejiang Huatie Emergency Equipment Science & TechnologyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Zhejiang Huatie Emergency Equipment Science & TechnologyLtd has a total shareholder equity of CN¥5.8B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 75.5%. Its total assets and total liabilities are CN¥19.6B and CN¥13.8B respectively. Zhejiang Huatie Emergency Equipment Science & TechnologyLtd's EBIT is CN¥1.4B making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥217.6M.
Key information
75.5%
Debt to equity ratio
CN¥4.41b
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥217.55m |
Equity | CN¥5.85b |
Total liabilities | CN¥13.80b |
Total assets | CN¥19.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603300's short term assets (CN¥4.1B) do not cover its short term liabilities (CN¥5.4B).
Long Term Liabilities: 603300's short term assets (CN¥4.1B) do not cover its long term liabilities (CN¥8.4B).
Debt to Equity History and Analysis
Debt Level: 603300's net debt to equity ratio (71.7%) is considered high.
Reducing Debt: 603300's debt to equity ratio has increased from 32% to 75.5% over the past 5 years.
Debt Coverage: 603300's debt is well covered by operating cash flow (51.8%).
Interest Coverage: 603300's interest payments on its debt are not well covered by EBIT (2.7x coverage).