Zhejiang Unifull Industrial Fibre Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Unifull Industrial Fibre has a total shareholder equity of CN¥1.0B and total debt of CN¥716.7M, which brings its debt-to-equity ratio to 70.3%. Its total assets and total liabilities are CN¥2.7B and CN¥1.6B respectively.
Key information
70.3%
Debt to equity ratio
CN¥716.66m
Debt
Interest coverage ratio | n/a |
Cash | CN¥299.54m |
Equity | CN¥1.02b |
Total liabilities | CN¥1.65b |
Total assets | CN¥2.67b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002427's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002427's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥635.3M).
Debt to Equity History and Analysis
Debt Level: 002427's net debt to equity ratio (40.9%) is considered high.
Reducing Debt: 002427's debt to equity ratio has reduced from 231.5% to 70.3% over the past 5 years.
Debt Coverage: 002427's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002427's interest payments on its debt are well covered by EBIT.