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¥3.6B and total debt of CN¥251.5M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are CN¥4.6B and CN¥968.5M respectively. Zhejiang Kingland Pipeline and TechnologiesLtd's EBIT is CN¥330.1M making its interest coverage ratio -36.7. It has cash and short-term investments of CN¥975.9M.
Key information
6.9%
Debt to equity ratio
CN¥251.48m
Debt
Interest coverage ratio | -36.7x |
Cash | CN¥975.89m |
Equity | CN¥3.64b |
Total liabilities | CN¥968.49m |
Total assets | CN¥4.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002443's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥810.4M).
Long Term Liabilities: 002443's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥158.1M).
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 26% to 6.9% over the past 5 years.
Debt Coverage: 002443's debt is well covered by operating cash flow (316.7%).
Interest Coverage: 002443 earns more interest than it pays, so coverage of interest payments is not a concern.