ZheJiang Haers Vacuum ContainersLtd Balance Sheet Health
Financial Health criteria checks 6/6
ZheJiang Haers Vacuum ContainersLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥589.9M, which brings its debt-to-equity ratio to 35.5%. Its total assets and total liabilities are CN¥3.2B and CN¥1.6B respectively. ZheJiang Haers Vacuum ContainersLtd's EBIT is CN¥268.9M making its interest coverage ratio -31.4. It has cash and short-term investments of CN¥868.6M.
Key information
35.5%
Debt to equity ratio
CN¥589.93m
Debt
| Interest coverage ratio | -31.4x |
| Cash | CN¥868.56m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥1.59b |
| Total assets | CN¥3.25b |
Recent financial health updates
No updates
Recent updates
Returns At ZheJiang Haers Vacuum ContainersLtd (SZSE:002615) Appear To Be Weighed Down
Nov 19
ZheJiang Haers Vacuum Containers Co.,Ltd. (SZSE:002615) Surges 25% Yet Its Low P/E Is No Reason For Excitement
Nov 04There Is A Reason ZheJiang Haers Vacuum Containers Co.,Ltd.'s (SZSE:002615) Price Is Undemanding
Jul 12We Think That There Are Issues Underlying ZheJiang Haers Vacuum ContainersLtd's (SZSE:002615) Earnings
May 06Financial Position Analysis
Short Term Liabilities: 002615's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002615's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥299.3M).
Debt to Equity History and Analysis
Debt Level: 002615 has more cash than its total debt.
Reducing Debt: 002615's debt to equity ratio has reduced from 92.3% to 35.5% over the past 5 years.
Debt Coverage: 002615's debt is well covered by operating cash flow (90.1%).
Interest Coverage: 002615 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 11:48 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
ZheJiang Haers Vacuum Containers Co.,Ltd. is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Dongyan Pu | China Merchants Securities Co. Ltd. |
| Hao Jiang | Everbright Securities Co. Ltd. |
| Rui Hong Li | Founder Securities Co., Ltd. |