Zhejiang Cayi Vacuum Container Co., Ltd.

XSEC:301004 Stock Report

Market Cap: CN¥10.1b

Zhejiang Cayi Vacuum Container Balance Sheet Health

Financial Health criteria checks 5/6

Zhejiang Cayi Vacuum Container has a total shareholder equity of CN¥1.7B and total debt of CN¥77.9M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥2.3B and CN¥598.6M respectively. Zhejiang Cayi Vacuum Container's EBIT is CN¥764.1M making its interest coverage ratio -26.7. It has cash and short-term investments of CN¥631.3M.

Key information

4.6%

Debt to equity ratio

CN¥77.92m

Debt

Interest coverage ratio-26.7x
CashCN¥631.35m
EquityCN¥1.68b
Total liabilitiesCN¥598.56m
Total assetsCN¥2.28b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 301004's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥589.0M).

Long Term Liabilities: 301004's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥9.5M).


Debt to Equity History and Analysis

Debt Level: 301004 has more cash than its total debt.

Reducing Debt: 301004's debt to equity ratio has increased from 0.2% to 4.6% over the past 5 years.

Debt Coverage: 301004's debt is well covered by operating cash flow (735.3%).

Interest Coverage: 301004 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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