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¥23.5M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥10.4B and CN¥3.5B respectively. Zhejiang HangminLtd's EBIT is CN¥1.2B making its interest coverage ratio -91.1. It has cash and short-term investments of CN¥3.8B.
Key information
0.3%
Debt to equity ratio
CN¥23.51m
Debt
| Interest coverage ratio | -91.1x |
| Cash | CN¥3.83b |
| Equity | CN¥6.97b |
| Total liabilities | CN¥3.48b |
| Total assets | CN¥10.45b |
Recent financial health updates
Recent updates
Zhejiang HangminLtd (SHSE:600987) Has A Rock Solid Balance Sheet
Oct 03
Zhejiang HangminLtd's (SHSE:600987) Earnings Seem To Be Promising
Aug 19Estimating The Fair Value Of Zhejiang Hangmin Co.,Ltd (SHSE:600987)
Jul 19Zhejiang HangminLtd (SHSE:600987) Could Be Struggling To Allocate Capital
Jun 17Zhejiang Hangmin Co.,Ltd's (SHSE:600987) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Apr 12Financial Position Analysis
Short Term Liabilities: 600987's short term assets (CN¥8.0B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 600987's short term assets (CN¥8.0B) exceed its long term liabilities (CN¥123.4M).
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 1.7% to 0.3% over the past 5 years.
Debt Coverage: 600987's debt is well covered by operating cash flow (4100.8%).
Interest Coverage: 600987 earns more interest than it pays, so coverage of interest payments is not a concern.