Zhejiang Dingli MachineryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Dingli MachineryLtd has a total shareholder equity of CN¥9.2B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 12.3%. Its total assets and total liabilities are CN¥15.0B and CN¥5.8B respectively. Zhejiang Dingli MachineryLtd's EBIT is CN¥2.0B making its interest coverage ratio -10.5. It has cash and short-term investments of CN¥4.7B.
Key information
12.3%
Debt to equity ratio
CN¥1.14b
Debt
| Interest coverage ratio | -10.5x |
| Cash | CN¥4.70b |
| Equity | CN¥9.23b |
| Total liabilities | CN¥5.78b |
| Total assets | CN¥15.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603338's short term assets (CN¥11.4B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 603338's short term assets (CN¥11.4B) exceed its long term liabilities (CN¥833.1M).
Debt to Equity History and Analysis
Debt Level: 603338 has more cash than its total debt.
Reducing Debt: 603338's debt to equity ratio has reduced from 19.6% to 12.3% over the past 5 years.
Debt Coverage: 603338's debt is well covered by operating cash flow (198.1%).
Interest Coverage: 603338 earns more interest than it pays, so coverage of interest payments is not a concern.