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¥374.8M, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are CN¥1.9B and CN¥829.1M respectively. Zhejiang Golden EagleLtd's EBIT is CN¥117.5M making its interest coverage ratio 9.5. It has cash and short-term investments of CN¥236.5M.
Key information
34.4%
Debt to equity ratio
CN¥374.84m
Debt
| Interest coverage ratio | 9.5x |
| Cash | CN¥236.51m |
| Equity | CN¥1.09b |
| Total liabilities | CN¥829.09m |
| Total assets | CN¥1.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600232's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥824.2M).
Long Term Liabilities: 600232's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥4.9M).
Debt to Equity History and Analysis
Debt Level: 600232's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: 600232's debt to equity ratio has increased from 22.3% to 34.4% 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 (9.5x coverage).