Zhejiang Semir Garment Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Semir Garment has a total shareholder equity of CN¥11.8B and total debt of CN¥181.1M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥18.1B and CN¥6.3B respectively. Zhejiang Semir Garment's EBIT is CN¥1.4B making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥9.2B.
Key information
1.5%
Debt to equity ratio
CN¥181.08m
Debt
| Interest coverage ratio | -7.3x |
| Cash | CN¥9.17b |
| Equity | CN¥11.84b |
| Total liabilities | CN¥6.31b |
| Total assets | CN¥18.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002563's short term assets (CN¥14.0B) exceed its short term liabilities (CN¥6.1B).
Long Term Liabilities: 002563's short term assets (CN¥14.0B) exceed its long term liabilities (CN¥165.9M).
Debt to Equity History and Analysis
Debt Level: 002563 has more cash than its total debt.
Reducing Debt: 002563's debt to equity ratio has reduced from 2.7% to 1.5% over the past 5 years.
Debt Coverage: 002563's debt is well covered by operating cash flow (1317.5%).
Interest Coverage: 002563 earns more interest than it pays, so coverage of interest payments is not a concern.