Zhenjiang Dongfang Electric Heating TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhenjiang Dongfang Electric Heating TechnologyLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥171.4M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CN¥6.8B and CN¥2.8B respectively. Zhenjiang Dongfang Electric Heating TechnologyLtd's EBIT is CN¥473.6M making its interest coverage ratio -14.5. It has cash and short-term investments of CN¥1.5B.
Key information
4.3%
Debt to equity ratio
CN¥171.44m
Debt
Interest coverage ratio | -14.5x |
Cash | CN¥1.47b |
Equity | CN¥3.97b |
Total liabilities | CN¥2.84b |
Total assets | CN¥6.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300217's short term assets (CN¥5.3B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 300217's short term assets (CN¥5.3B) exceed its long term liabilities (CN¥60.6M).
Debt to Equity History and Analysis
Debt Level: 300217 has more cash than its total debt.
Reducing Debt: 300217's debt to equity ratio has reduced from 20.2% to 4.3% over the past 5 years.
Debt Coverage: 300217's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300217 earns more interest than it pays, so coverage of interest payments is not a concern.