Zhejiang Cayi Vacuum Container Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Cayi Vacuum Container has a total shareholder equity of CN¥1.4B and total debt of CN¥59.7M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are CN¥1.8B and CN¥363.4M respectively. Zhejiang Cayi Vacuum Container's EBIT is CN¥592.4M making its interest coverage ratio -24.6. It has cash and short-term investments of CN¥750.6M.
Key information
4.2%
Debt to equity ratio
CN¥59.68m
Debt
Interest coverage ratio | -24.6x |
Cash | CN¥750.59m |
Equity | CN¥1.43b |
Total liabilities | CN¥363.43m |
Total assets | CN¥1.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301004's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥360.6M).
Long Term Liabilities: 301004's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥2.8M).
Debt to Equity History and Analysis
Debt Level: 301004 has more cash than its total debt.
Reducing Debt: 301004's debt to equity ratio has increased from 0.6% to 4.2% over the past 5 years.
Debt Coverage: 301004's debt is well covered by operating cash flow (1090.8%).
Interest Coverage: 301004 earns more interest than it pays, so coverage of interest payments is not a concern.