Zhejiang Prulde Electric Appliance Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Prulde Electric Appliance has a total shareholder equity of CN¥1.2B and total debt of CN¥57.6M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥1.5B and CN¥250.0M respectively. Zhejiang Prulde Electric Appliance's EBIT is CN¥42.9M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥614.2M.
Key information
4.6%
Debt to equity ratio
CN¥57.61m
Debt
| Interest coverage ratio | -2.8x |
| Cash | CN¥614.22m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥249.98m |
| Total assets | CN¥1.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301353's short term assets (CN¥967.2M) exceed its short term liabilities (CN¥187.2M).
Long Term Liabilities: 301353's short term assets (CN¥967.2M) exceed its long term liabilities (CN¥62.8M).
Debt to Equity History and Analysis
Debt Level: 301353 has more cash than its total debt.
Reducing Debt: 301353's debt to equity ratio has reduced from 37.2% to 4.6% over the past 5 years.
Debt Coverage: 301353's debt is well covered by operating cash flow (484.8%).
Interest Coverage: 301353 earns more interest than it pays, so coverage of interest payments is not a concern.