Zhejiang Red Dragonfly Footwear Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Red Dragonfly Footwear has a total shareholder equity of CN¥3.2B and total debt of CN¥374.0M, which brings its debt-to-equity ratio to 11.7%. Its total assets and total liabilities are CN¥4.4B and CN¥1.2B respectively. Zhejiang Red Dragonfly Footwear's EBIT is CN¥1.7M making its interest coverage ratio -0. It has cash and short-term investments of CN¥1.9B.
Key information
11.7%
Debt to equity ratio
CN¥373.99m
Debt
Interest coverage ratio | -0.03x |
Cash | CN¥1.87b |
Equity | CN¥3.21b |
Total liabilities | CN¥1.22b |
Total assets | CN¥4.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603116's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603116's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥45.9M).
Debt to Equity History and Analysis
Debt Level: 603116 has more cash than its total debt.
Reducing Debt: 603116's debt to equity ratio has increased from 0% to 11.7% over the past 5 years.
Debt Coverage: 603116's debt is well covered by operating cash flow (78.3%).
Interest Coverage: 603116 earns more interest than it pays, so coverage of interest payments is not a concern.