Zhejiang Cady Industry Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Cady Industry has a total shareholder equity of CN¥1.3B and total debt of CN¥134.0M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are CN¥1.6B and CN¥280.4M respectively. Zhejiang Cady Industry's EBIT is CN¥96.7M making its interest coverage ratio -166.1. It has cash and short-term investments of CN¥710.5M.
Key information
10.2%
Debt to equity ratio
CN¥133.98m
Debt
| Interest coverage ratio | -166.1x |
| Cash | CN¥710.54m |
| Equity | CN¥1.31b |
| Total liabilities | CN¥280.40m |
| Total assets | CN¥1.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603073's short term assets (CN¥996.7M) exceed its short term liabilities (CN¥250.9M).
Long Term Liabilities: 603073's short term assets (CN¥996.7M) exceed its long term liabilities (CN¥29.5M).
Debt to Equity History and Analysis
Debt Level: 603073 has more cash than its total debt.
Reducing Debt: 603073's debt to equity ratio has reduced from 38.3% to 10.2% over the past 5 years.
Debt Coverage: 603073's debt is well covered by operating cash flow (105.8%).
Interest Coverage: 603073 earns more interest than it pays, so coverage of interest payments is not a concern.