Zhejiang Taihua New Material Group Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Taihua New Material Group has a total shareholder equity of CN¥4.7B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 91.6%. Its total assets and total liabilities are CN¥11.3B and CN¥6.6B respectively. Zhejiang Taihua New Material Group's EBIT is CN¥658.8M making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥877.2M.
Key information
91.6%
Debt to equity ratio
CN¥4.30b
Debt
| Interest coverage ratio | 6.2x |
| Cash | CN¥877.17m |
| Equity | CN¥4.69b |
| Total liabilities | CN¥6.57b |
| Total assets | CN¥11.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603055's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 603055's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 603055's net debt to equity ratio (72.9%) is considered high.
Reducing Debt: 603055's debt to equity ratio has increased from 38.4% to 91.6% over the past 5 years.
Debt Coverage: 603055's debt is not well covered by operating cash flow (7%).
Interest Coverage: 603055's interest payments on its debt are well covered by EBIT (6.2x coverage).