Zhejiang Huilong New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Huilong New MaterialsLtd has a total shareholder equity of CN¥751.4M and total debt of CN¥153.6M, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are CN¥1.0B and CN¥290.1M respectively. Zhejiang Huilong New MaterialsLtd's EBIT is CN¥31.0M making its interest coverage ratio -7. It has cash and short-term investments of CN¥78.6M.
Key information
20.4%
Debt to equity ratio
CN¥153.60m
Debt
| Interest coverage ratio | -7x |
| Cash | CN¥78.62m |
| Equity | CN¥751.44m |
| Total liabilities | CN¥290.07m |
| Total assets | CN¥1.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301057's short term assets (CN¥342.5M) exceed its short term liabilities (CN¥199.8M).
Long Term Liabilities: 301057's short term assets (CN¥342.5M) exceed its long term liabilities (CN¥90.3M).
Debt to Equity History and Analysis
Debt Level: 301057's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: 301057's debt to equity ratio has reduced from 25.5% to 20.4% over the past 5 years.
Debt Coverage: 301057's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 301057 earns more interest than it pays, so coverage of interest payments is not a concern.