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¥59.0M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥1.8B and CN¥363.4M respectively. Zhejiang Cayi Vacuum Container's EBIT is CN¥592.0M making its interest coverage ratio -24.9. It has cash and short-term investments of CN¥750.6M.
Key information
4.1%
Debt to equity ratio
CN¥58.95m
Debt
Interest coverage ratio | -24.9x |
Cash | CN¥750.59m |
Equity | CN¥1.43b |
Total liabilities | CN¥363.43m |
Total assets | CN¥1.79b |
Recent financial health updates
Recent updates
Is Zhejiang Cayi Vacuum Container (SZSE:301004) Using Too Much Debt?
Jul 22Should You Be Adding Zhejiang Cayi Vacuum Container (SZSE:301004) To Your Watchlist Today?
Jul 03Zhejiang Cayi Vacuum Container (SZSE:301004) Could Become A Multi-Bagger
May 21Zhejiang Cayi Vacuum Container's (SZSE:301004) Solid Profits Have Weak Fundamentals
Apr 05The Market Lifts Zhejiang Cayi Vacuum Container Co., Ltd. (SZSE:301004) Shares 33% But It Can Do More
Apr 02Financial 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 4.1% over the past 5 years.
Debt Coverage: 301004's debt is well covered by operating cash flow (1104.2%).
Interest Coverage: 301004 earns more interest than it pays, so coverage of interest payments is not a concern.