Zhejiang Taihua New MaterialLtd Financial Health
How is Zhejiang Taihua New MaterialLtd's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 603055's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 603055's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 603055's net debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: 603055's debt to equity ratio has increased from 29% to 43.1% over the past 5 years.
Debt Coverage: 603055's debt is well covered by operating cash flow (41.2%).
Interest Coverage: 603055's interest payments on its debt are well covered by EBIT (5.2x coverage).