Zhejiang Weiming Environment Protection Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Weiming Environment Protection has a total shareholder equity of CN¥14.3B and total debt of CN¥7.2B, which brings its debt-to-equity ratio to 50.5%. Its total assets and total liabilities are CN¥26.9B and CN¥12.6B respectively. Zhejiang Weiming Environment Protection's EBIT is CN¥3.1B making its interest coverage ratio 20. It has cash and short-term investments of CN¥2.4B.
Key information
50.5%
Debt to equity ratio
CN¥7.24b
Debt
| Interest coverage ratio | 20x |
| Cash | CN¥2.40b |
| Equity | CN¥14.34b |
| Total liabilities | CN¥12.55b |
| Total assets | CN¥26.89b |
Recent financial health updates
Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?
Oct 18
We Think Zhejiang Weiming Environment Protection (SHSE:603568) Can Stay On Top Of Its Debt
Jul 16Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?
Mar 17Recent updates
Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?
Oct 18Zhejiang Weiming Environment Protection (SHSE:603568) Might Be Having Difficulty Using Its Capital Effectively
Aug 15We Think Zhejiang Weiming Environment Protection (SHSE:603568) Can Stay On Top Of Its Debt
Jul 16Should You Be Adding Zhejiang Weiming Environment Protection (SHSE:603568) To Your Watchlist Today?
Jun 28Be Wary Of Zhejiang Weiming Environment Protection (SHSE:603568) And Its Returns On Capital
Apr 21Market Cool On Zhejiang Weiming Environment Protection Co., Ltd.'s (SHSE:603568) Earnings
Apr 03Is Zhejiang Weiming Environment Protection (SHSE:603568) A Risky Investment?
Mar 17Financial Position Analysis
Short Term Liabilities: 603568's short term assets (CN¥7.4B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 603568's short term assets (CN¥7.4B) do not cover its long term liabilities (CN¥8.8B).
Debt to Equity History and Analysis
Debt Level: 603568's net debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: 603568's debt to equity ratio has increased from 23.7% to 50.5% over the past 5 years.
Debt Coverage: 603568's debt is well covered by operating cash flow (38.1%).
Interest Coverage: 603568's interest payments on its debt are well covered by EBIT (20x coverage).