Zhejiang Weixing Industrial Development Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Weixing Industrial Development has a total shareholder equity of CN¥4.5B and total debt of CN¥837.9M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are CN¥6.3B and CN¥1.8B respectively. Zhejiang Weixing Industrial Development's EBIT is CN¥657.3M making its interest coverage ratio 911.3. It has cash and short-term investments of CN¥1.5B.
Key information
18.7%
Debt to equity ratio
CN¥837.89m
Debt
Interest coverage ratio | 911.3x |
Cash | CN¥1.51b |
Equity | CN¥4.47b |
Total liabilities | CN¥1.79b |
Total assets | CN¥6.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002003's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002003's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥228.5M).
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 9.7% to 18.7% over the past 5 years.
Debt Coverage: 002003's debt is well covered by operating cash flow (94.5%).
Interest Coverage: 002003's interest payments on its debt are well covered by EBIT (911.3x coverage).