Zhejiang Huilong New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Huilong New MaterialsLtd has a total shareholder equity of CN¥742.4M and total debt of CN¥104.9M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are CN¥972.2M and CN¥229.8M respectively. Zhejiang Huilong New MaterialsLtd's EBIT is CN¥36.1M making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥78.8M.
Key information
14.1%
Debt to equity ratio
CN¥104.90m
Debt
| Interest coverage ratio | -6.4x |
| Cash | CN¥78.79m |
| Equity | CN¥742.44m |
| Total liabilities | CN¥229.80m |
| Total assets | CN¥972.24m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301057's short term assets (CN¥333.0M) exceed its short term liabilities (CN¥192.0M).
Long Term Liabilities: 301057's short term assets (CN¥333.0M) exceed its long term liabilities (CN¥37.8M).
Debt to Equity History and Analysis
Debt Level: 301057's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 301057's debt to equity ratio has reduced from 32.3% to 14.1% over the past 5 years.
Debt Coverage: 301057's debt is well covered by operating cash flow (27.4%).
Interest Coverage: 301057 earns more interest than it pays, so coverage of interest payments is not a concern.