Zhejiang Taihua New MaterialLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Taihua New MaterialLtd has a total shareholder equity of CN¥4.6B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 90.8%. Its total assets and total liabilities are CN¥11.0B and CN¥6.4B respectively. Zhejiang Taihua New MaterialLtd's EBIT is CN¥504.6M making its interest coverage ratio 5.5. It has cash and short-term investments of CN¥842.3M.
Key information
90.8%
Debt to equity ratio
CN¥4.17b
Debt
Interest coverage ratio | 5.5x |
Cash | CN¥842.29m |
Equity | CN¥4.59b |
Total liabilities | CN¥6.39b |
Total assets | CN¥10.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603055's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 603055's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 603055's net debt to equity ratio (72.5%) is considered high.
Reducing Debt: 603055's debt to equity ratio has increased from 36.3% to 90.8% over the past 5 years.
Debt Coverage: 603055's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: 603055's interest payments on its debt are well covered by EBIT (5.5x coverage).