Zhejiang Guyuelongshan Shaoxing WineLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Guyuelongshan Shaoxing WineLtd has a total shareholder equity of CN¥5.9B and total debt of CN¥1.7M, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are CN¥6.6B and CN¥715.4M respectively. Zhejiang Guyuelongshan Shaoxing WineLtd's EBIT is CN¥212.7M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥2.0B.
Key information
0.03%
Debt to equity ratio
CN¥1.75m
Debt
Interest coverage ratio | -3.1x |
Cash | CN¥2.04b |
Equity | CN¥5.92b |
Total liabilities | CN¥715.43m |
Total assets | CN¥6.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600059's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥705.6M).
Long Term Liabilities: 600059's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥9.8M).
Debt to Equity History and Analysis
Debt Level: 600059 has more cash than its total debt.
Reducing Debt: 600059's debt to equity ratio has increased from 0.03% to 0.03% over the past 5 years.
Debt Coverage: 600059's debt is well covered by operating cash flow (21728.4%).
Interest Coverage: 600059 earns more interest than it pays, so coverage of interest payments is not a concern.