Zhejiang HangminLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang HangminLtd has a total shareholder equity of CN¥6.8B and total debt of CN¥33.5M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥10.1B and CN¥3.3B respectively. Zhejiang HangminLtd's EBIT is CN¥1.0B making its interest coverage ratio -20.7. It has cash and short-term investments of CN¥3.8B.
Key information
0.5%
Debt to equity ratio
CN¥33.53m
Debt
| Interest coverage ratio | -20.7x |
| Cash | CN¥3.84b |
| Equity | CN¥6.83b |
| Total liabilities | CN¥3.27b |
| Total assets | CN¥10.11b |
Recent financial health updates
No updates
Recent updates
Zhejiang HangminLtd's (SHSE:600987) Earnings Seem To Be Promising
Aug 19
Estimating 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¥7.6B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 600987's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥127.7M).
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% to 0.5% over the past 5 years.
Debt Coverage: 600987's debt is well covered by operating cash flow (3218.2%).
Interest Coverage: 600987 earns more interest than it pays, so coverage of interest payments is not a concern.