Zhejiang Weiming Environment Protection Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Weiming Environment Protection has a total shareholder equity of CN¥13.1B and total debt of CN¥6.8B, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are CN¥24.9B and CN¥11.7B respectively. Zhejiang Weiming Environment Protection's EBIT is CN¥2.7B making its interest coverage ratio 18.3. It has cash and short-term investments of CN¥2.3B.
Key information
51.5%
Debt to equity ratio
CN¥6.77b
Debt
| Interest coverage ratio | 18.3x |
| Cash | CN¥2.29b |
| Equity | CN¥13.14b |
| Total liabilities | CN¥11.72b |
| Total assets | CN¥24.86b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603568's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 603568's short term assets (CN¥7.0B) do not cover its long term liabilities (CN¥8.3B).
Debt to Equity History and Analysis
Debt Level: 603568's net debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: 603568's debt to equity ratio has increased from 24.9% to 51.5% over the past 5 years.
Debt Coverage: 603568's debt is well covered by operating cash flow (36.1%).
Interest Coverage: 603568's interest payments on its debt are well covered by EBIT (18.3x coverage).