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¥491.1M, which brings its debt-to-equity ratio to 43.2%. Its total assets and total liabilities are CN¥2.5B and CN¥1.4B respectively. Zhejiang Biyi Electric Appliance's EBIT is CN¥121.2M making its interest coverage ratio -44.9. It has cash and short-term investments of CN¥528.0M.
Key information
43.2%
Debt to equity ratio
CN¥491.08m
Debt
| Interest coverage ratio | -44.9x |
| Cash | CN¥528.00m |
| Equity | CN¥1.14b |
| Total liabilities | CN¥1.38b |
| Total assets | CN¥2.52b |
Recent financial health updates
No updates
Recent updates
Be Wary Of Zhejiang Biyi Electric Appliance (SHSE:603215) And Its Returns On Capital
Dec 20
We Think That There Are More Issues For Zhejiang Biyi Electric Appliance (SHSE:603215) Than Just Sluggish Earnings
Nov 01There's No Escaping Zhejiang Biyi Electric Appliance Co., Ltd.'s (SHSE:603215) Muted Earnings Despite A 26% Share Price Rise
Aug 16Zhejiang Biyi Electric Appliance (SHSE:603215) Is Reinvesting At Lower Rates Of Return
Jul 31Zhejiang Biyi Electric Appliance's (SHSE:603215) Problems Go Beyond Weak Profit
May 01Calculating The Fair Value Of Zhejiang Biyi Electric Appliance Co., Ltd. (SHSE:603215)
Apr 23Financial Position Analysis
Short Term Liabilities: 603215's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603215's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥9.0M).
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 71.4% to 43.2% over the past 5 years.
Debt Coverage: 603215's debt is well covered by operating cash flow (37.5%).
Interest Coverage: 603215 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 02:24 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Biyi Electric Appliance Co., Ltd. is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wei He | China International Capital Corporation Limited |
| Zhouyingzi Tang | China International Capital Corporation Limited |
| Weiqi Chen | Guosen Securities Co., Ltd. |