Zhejiang Taihua New Material Co.,Ltd

SHSE:603055 Stock Report

Mkt Cap: CN¥10.2b

Zhejiang Taihua New MaterialLtd Financial Health

How is Zhejiang Taihua New MaterialLtd's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


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