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¥85.6M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are CN¥2.3B and CN¥598.6M respectively. Zhejiang Cayi Vacuum Container's EBIT is CN¥775.4M making its interest coverage ratio -43. It has cash and short-term investments of CN¥631.3M.
Key information
5.1%
Debt to equity ratio
CN¥85.60m
Debt
| Interest coverage ratio | -43x |
| Cash | CN¥631.35m |
| Equity | CN¥1.68b |
| Total liabilities | CN¥598.56m |
| Total assets | CN¥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 5.1% over the past 5 years.
Debt Coverage: 301004's debt is well covered by operating cash flow (669.4%).
Interest Coverage: 301004 earns more interest than it pays, so coverage of interest payments is not a concern.