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¥154.7M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are CN¥1.7B and CN¥360.2M respectively. Zhejiang Cady Industry's EBIT is CN¥84.5M making its interest coverage ratio -5. It has cash and short-term investments of CN¥661.5M.
Key information
11.8%
Debt to equity ratio
CN¥154.74m
Debt
| Interest coverage ratio | -5x |
| Cash | CN¥661.52m |
| Equity | CN¥1.32b |
| Total liabilities | CN¥360.23m |
| Total assets | CN¥1.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603073's short term assets (CN¥979.6M) exceed its short term liabilities (CN¥330.9M).
Long Term Liabilities: 603073's short term assets (CN¥979.6M) exceed its long term liabilities (CN¥29.3M).
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 28.1% to 11.8% over the past 5 years.
Debt Coverage: 603073's debt is well covered by operating cash flow (66.1%).
Interest Coverage: 603073 earns more interest than it pays, so coverage of interest payments is not a concern.