Zhejiang grandwall electric science&technologyltd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang grandwall electric science&technologyltd has a total shareholder equity of CN¥2.5B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 39.9%. Its total assets and total liabilities are CN¥6.6B and CN¥4.0B respectively. Zhejiang grandwall electric science&technologyltd's EBIT is CN¥395.3M making its interest coverage ratio 14.2. It has cash and short-term investments of CN¥1.7B.
Key information
39.9%
Debt to equity ratio
CN¥1.00b
Debt
| Interest coverage ratio | 14.2x |
| Cash | CN¥1.75b |
| Equity | CN¥2.51b |
| Total liabilities | CN¥4.04b |
| Total assets | CN¥6.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603897's short term assets (CN¥5.5B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 603897's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥51.2M).
Debt to Equity History and Analysis
Debt Level: 603897 has more cash than its total debt.
Reducing Debt: 603897's debt to equity ratio has increased from 28% to 39.9% over the past 5 years.
Debt Coverage: 603897's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603897's interest payments on its debt are well covered by EBIT (14.2x coverage).