Zhejiang Kingland Pipeline and TechnologiesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Kingland Pipeline and TechnologiesLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥103.2M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥4.5B and CN¥838.1M respectively. Zhejiang Kingland Pipeline and TechnologiesLtd's EBIT is CN¥212.6M making its interest coverage ratio -1170.9. It has cash and short-term investments of CN¥1.2B.
Key information
2.8%
Debt to equity ratio
CN¥103.22m
Debt
| Interest coverage ratio | -1170.9x |
| Cash | CN¥1.20b |
| Equity | CN¥3.66b |
| Total liabilities | CN¥838.12m |
| Total assets | CN¥4.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002443's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥690.7M).
Long Term Liabilities: 002443's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥147.4M).
Debt to Equity History and Analysis
Debt Level: 002443 has more cash than its total debt.
Reducing Debt: 002443's debt to equity ratio has reduced from 14.5% to 2.8% over the past 5 years.
Debt Coverage: 002443's debt is well covered by operating cash flow (677.6%).
Interest Coverage: 002443 earns more interest than it pays, so coverage of interest payments is not a concern.