Zhejiang Dafeng Industry Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Dafeng Industry has a total shareholder equity of CN¥2.9B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 96.6%. Its total assets and total liabilities are CN¥8.0B and CN¥5.0B respectively.
Key information
96.6%
Debt to equity ratio
CN¥2.84b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.08b |
| Equity | CN¥2.94b |
| Total liabilities | CN¥5.04b |
| Total assets | CN¥7.98b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603081's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 603081's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 603081's net debt to equity ratio (59.7%) is considered high.
Reducing Debt: 603081's debt to equity ratio has increased from 44.4% to 96.6% over the past 5 years.
Debt Coverage: 603081's debt is not well covered by operating cash flow (14.5%).
Interest Coverage: Insufficient data to determine if 603081's interest payments on its debt are well covered by EBIT.