Zhejiang Taihua New Material Group Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Taihua New Material Group has a total shareholder equity of CN¥4.9B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 90.4%. Its total assets and total liabilities are CN¥11.4B and CN¥6.5B respectively. Zhejiang Taihua New Material Group's EBIT is CN¥828.0M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥951.9M.
Key information
90.4%
Debt to equity ratio
CN¥4.43b
Debt
| Interest coverage ratio | 6.8x |
| Cash | CN¥951.86m |
| Equity | CN¥4.90b |
| Total liabilities | CN¥6.49b |
| Total assets | CN¥11.39b |
Recent financial health updates
These 4 Measures Indicate That Zhejiang Taihua New Material Group (SHSE:603055) Is Using Debt Extensively
Oct 11
Zhejiang Taihua New MaterialLtd (SHSE:603055) Has A Somewhat Strained Balance Sheet
May 13Recent updates
Zhejiang Taihua New Material Group Co., Ltd. (SHSE:603055) Shares Could Be 49% Below Their Intrinsic Value Estimate
Nov 18These 4 Measures Indicate That Zhejiang Taihua New Material Group (SHSE:603055) Is Using Debt Extensively
Oct 11We Think That There Are Issues Underlying Zhejiang Taihua New Material Group's (SHSE:603055) Earnings
Sep 02Do Zhejiang Taihua New Material Group's (SHSE:603055) Earnings Warrant Your Attention?
Aug 14Cautious Investors Not Rewarding Zhejiang Taihua New Material Group Co., Ltd.'s (SHSE:603055) Performance Completely
Jul 28Returns On Capital Signal Tricky Times Ahead For Zhejiang Taihua New Material Group (SHSE:603055)
Jul 12Zhejiang Taihua New MaterialLtd (SHSE:603055) Has A Somewhat Strained Balance Sheet
May 13Revenue Beat: Zhejiang Taihua New Material Co.,Ltd Exceeded Revenue Forecasts By 7.5% And Analysts Are Updating Their Estimates
Apr 12Many Still Looking Away From Zhejiang Taihua New Material Co.,Ltd (SHSE:603055)
Mar 24Financial Position Analysis
Short Term Liabilities: 603055's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 603055's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 603055's net debt to equity ratio (70.9%) is considered high.
Reducing Debt: 603055's debt to equity ratio has increased from 38.2% to 90.4% over the past 5 years.
Debt Coverage: 603055's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 603055's interest payments on its debt are well covered by EBIT (6.8x coverage).