Zhejiang Weixing Industrial Development Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Weixing Industrial Development has a total shareholder equity of CN¥4.3B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are CN¥6.6B and CN¥2.3B respectively. Zhejiang Weixing Industrial Development's EBIT is CN¥787.3M making its interest coverage ratio -59.7. It has cash and short-term investments of CN¥1.5B.
Key information
30.1%
Debt to equity ratio
CN¥1.30b
Debt
| Interest coverage ratio | -59.7x |
| Cash | CN¥1.48b |
| Equity | CN¥4.31b |
| Total liabilities | CN¥2.27b |
| Total assets | CN¥6.58b |
Recent financial health updates
Recent updates
Do Zhejiang Weixing Industrial Development's (SZSE:002003) Earnings Warrant Your Attention?
Nov 14
Returns On Capital At Zhejiang Weixing Industrial Development (SZSE:002003) Have Stalled
Sep 30Does Zhejiang Weixing Industrial Development (SZSE:002003) Have A Healthy Balance Sheet?
Sep 10Zhejiang Weixing Industrial Development Co., Ltd. Beat Revenue Forecasts By 15%: Here's What Analysts Are Forecasting Next
Aug 15There Is A Reason Zhejiang Weixing Industrial Development Co., Ltd.'s (SZSE:002003) Price Is Undemanding
Aug 14If EPS Growth Is Important To You, Zhejiang Weixing Industrial Development (SZSE:002003) Presents An Opportunity
Jul 24Zhejiang Weixing Industrial Development (SZSE:002003) Is Increasing Its Dividend To CN¥0.45
May 21Zhejiang Weixing Industrial Development (SZSE:002003) Strong Profits May Be Masking Some Underlying Issues
Apr 25Zhejiang Weixing Industrial Development (SZSE:002003) Has Some Way To Go To Become A Multi-Bagger
Apr 18Financial Position Analysis
Short Term Liabilities: 002003's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002003's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥225.7M).
Debt to Equity History and Analysis
Debt Level: 002003 has more cash than its total debt.
Reducing Debt: 002003's debt to equity ratio has increased from 17.3% to 30.1% over the past 5 years.
Debt Coverage: 002003's debt is well covered by operating cash flow (73%).
Interest Coverage: 002003 earns more interest than it pays, so coverage of interest payments is not a concern.