Zhejiang Huilong New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Huilong New MaterialsLtd has a total shareholder equity of CN¥765.7M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥875.2M and CN¥109.5M respectively. Zhejiang Huilong New MaterialsLtd's EBIT is CN¥45.8M making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥118.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -7.3x |
Cash | CN¥118.25m |
Equity | CN¥765.73m |
Total liabilities | CN¥109.48m |
Total assets | CN¥875.21m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301057's short term assets (CN¥350.1M) exceed its short term liabilities (CN¥99.6M).
Long Term Liabilities: 301057's short term assets (CN¥350.1M) exceed its long term liabilities (CN¥9.9M).
Debt to Equity History and Analysis
Debt Level: 301057 is debt free.
Reducing Debt: 301057 has no debt compared to 5 years ago when its debt to equity ratio was 41.2%.
Debt Coverage: 301057 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301057 has no debt, therefore coverage of interest payments is not a concern.