Zhejiang Golden EagleLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Golden EagleLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥307.7M, which brings its debt-to-equity ratio to 28.2%. Its total assets and total liabilities are CN¥1.8B and CN¥684.3M respectively. Zhejiang Golden EagleLtd's EBIT is CN¥75.7M making its interest coverage ratio 12.3. It has cash and short-term investments of CN¥301.0M.
Key information
28.2%
Debt to equity ratio
CN¥307.65m
Debt
| Interest coverage ratio | 12.3x |
| Cash | CN¥300.97m |
| Equity | CN¥1.09b |
| Total liabilities | CN¥684.31m |
| Total assets | CN¥1.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600232's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥679.3M).
Long Term Liabilities: 600232's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥5.0M).
Debt to Equity History and Analysis
Debt Level: 600232's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 600232's debt to equity ratio has increased from 16% to 28.2% over the past 5 years.
Debt Coverage: 600232's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600232's interest payments on its debt are well covered by EBIT (12.3x coverage).