Zhejiang Biyi Electric Appliance Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Biyi Electric Appliance has a total shareholder equity of CN¥1.1B and total debt of CN¥4.1M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥1.6B and CN¥514.6M respectively. Zhejiang Biyi Electric Appliance's EBIT is CN¥146.0M making its interest coverage ratio 168.8. It has cash and short-term investments of CN¥392.5M.
Key information
0.4%
Debt to equity ratio
CN¥4.06m
Debt
Interest coverage ratio | 168.8x |
Cash | CN¥392.46m |
Equity | CN¥1.13b |
Total liabilities | CN¥514.59m |
Total assets | CN¥1.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603215's short term assets (CN¥973.2M) exceed its short term liabilities (CN¥504.5M).
Long Term Liabilities: 603215's short term assets (CN¥973.2M) exceed its long term liabilities (CN¥10.1M).
Debt to Equity History and Analysis
Debt Level: 603215 has more cash than its total debt.
Reducing Debt: 603215's debt to equity ratio has reduced from 57.5% to 0.4% over the past 5 years.
Debt Coverage: 603215's debt is well covered by operating cash flow (8176.6%).
Interest Coverage: 603215's interest payments on its debt are well covered by EBIT (168.8x coverage).