Zhejiang Natural Outdoor Goods Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Natural Outdoor Goods has a total shareholder equity of CN¥1.9B and total debt of CN¥165.7M, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are CN¥2.4B and CN¥529.2M respectively. Zhejiang Natural Outdoor Goods's EBIT is CN¥145.8M making its interest coverage ratio -8. It has cash and short-term investments of CN¥1.1B.
Key information
8.6%
Debt to equity ratio
CN¥165.68m
Debt
Interest coverage ratio | -8x |
Cash | CN¥1.07b |
Equity | CN¥1.92b |
Total liabilities | CN¥529.19m |
Total assets | CN¥2.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605080's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥488.3M).
Long Term Liabilities: 605080's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥40.9M).
Debt to Equity History and Analysis
Debt Level: 605080 has more cash than its total debt.
Reducing Debt: 605080's debt to equity ratio has reduced from 14.9% to 8.6% over the past 5 years.
Debt Coverage: 605080's debt is well covered by operating cash flow (161%).
Interest Coverage: 605080 earns more interest than it pays, so coverage of interest payments is not a concern.