Zhejiang HangminLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang HangminLtd has a total shareholder equity of CN¥7.0B and total debt of CN¥31.5M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥10.7B and CN¥3.8B respectively. Zhejiang HangminLtd's EBIT is CN¥1.0B making its interest coverage ratio -16.4. It has cash and short-term investments of CN¥3.9B.
Key information
0.5%
Debt to equity ratio
CN¥31.53m
Debt
Interest coverage ratio | -16.4x |
Cash | CN¥3.92b |
Equity | CN¥6.95b |
Total liabilities | CN¥3.79b |
Total assets | CN¥10.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600987's short term assets (CN¥8.2B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 600987's short term assets (CN¥8.2B) exceed its long term liabilities (CN¥130.9M).
Debt to Equity History and Analysis
Debt Level: 600987 has more cash than its total debt.
Reducing Debt: 600987's debt to equity ratio has reduced from 2.2% to 0.5% over the past 5 years.
Debt Coverage: 600987's debt is well covered by operating cash flow (2570.2%).
Interest Coverage: 600987 earns more interest than it pays, so coverage of interest payments is not a concern.