Zhejiang Entive Smart Kitchen Appliance Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Entive Smart Kitchen Appliance has a total shareholder equity of CN¥1.5B and total debt of CN¥444.3M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are CN¥2.3B and CN¥798.4M respectively. Zhejiang Entive Smart Kitchen Appliance's EBIT is CN¥114.1M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥1.4B.
Key information
29.6%
Debt to equity ratio
CN¥444.34m
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥1.41b |
| Equity | CN¥1.50b |
| Total liabilities | CN¥798.39m |
| Total assets | CN¥2.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300911's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥311.0M).
Long Term Liabilities: 300911's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥487.4M).
Debt to Equity History and Analysis
Debt Level: 300911 has more cash than its total debt.
Reducing Debt: 300911's debt to equity ratio has increased from 1.9% to 29.6% over the past 5 years.
Debt Coverage: 300911's debt is well covered by operating cash flow (27.1%).
Interest Coverage: 300911 earns more interest than it pays, so coverage of interest payments is not a concern.