Zhejiang Zhongjian TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Zhongjian TechnologyLtd has a total shareholder equity of CN¥728.4M and total debt of CN¥2.4M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥1.1B and CN¥328.8M respectively. Zhejiang Zhongjian TechnologyLtd's EBIT is CN¥56.7M making its interest coverage ratio -6.3. It has cash and short-term investments of CN¥252.2M.
Key information
0.3%
Debt to equity ratio
CN¥2.41m
Debt
| Interest coverage ratio | -6.3x |
| Cash | CN¥252.24m |
| Equity | CN¥728.44m |
| Total liabilities | CN¥328.75m |
| Total assets | CN¥1.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002779's short term assets (CN¥708.1M) exceed its short term liabilities (CN¥304.1M).
Long Term Liabilities: 002779's short term assets (CN¥708.1M) exceed its long term liabilities (CN¥24.6M).
Debt to Equity History and Analysis
Debt Level: 002779 has more cash than its total debt.
Reducing Debt: 002779's debt to equity ratio has reduced from 1.6% to 0.3% over the past 5 years.
Debt Coverage: 002779's debt is well covered by operating cash flow (3845.3%).
Interest Coverage: 002779 earns more interest than it pays, so coverage of interest payments is not a concern.