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 96.2%. Its total assets and total liabilities are CN¥7.8B and CN¥4.9B respectively.
Key information
96.2%
Debt to equity ratio
CN¥2.80b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥893.99m |
| Equity | CN¥2.91b |
| Total liabilities | CN¥4.92b |
| Total assets | CN¥7.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603081's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 603081's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 603081's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: 603081's debt to equity ratio has increased from 34% to 96.2% over the past 5 years.
Debt Coverage: 603081's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: Insufficient data to determine if 603081's interest payments on its debt are well covered by EBIT.