Zhejiang Wufangzhai Industry Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Wufangzhai Industry has a total shareholder equity of CN¥1.7B and total debt of CN¥92.2M, which brings its debt-to-equity ratio to 5.5%. Its total assets and total liabilities are CN¥2.7B and CN¥976.6M respectively. Zhejiang Wufangzhai Industry's EBIT is CN¥182.1M making its interest coverage ratio -94.4. It has cash and short-term investments of CN¥804.2M.
Key information
5.5%
Debt to equity ratio
CN¥92.20m
Debt
Interest coverage ratio | -94.4x |
Cash | CN¥804.20m |
Equity | CN¥1.68b |
Total liabilities | CN¥976.62m |
Total assets | CN¥2.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603237's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥907.5M).
Long Term Liabilities: 603237's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥69.2M).
Debt to Equity History and Analysis
Debt Level: 603237 has more cash than its total debt.
Reducing Debt: 603237's debt to equity ratio has reduced from 15.8% to 5.5% over the past 5 years.
Debt Coverage: 603237's debt is well covered by operating cash flow (339.7%).
Interest Coverage: 603237 earns more interest than it pays, so coverage of interest payments is not a concern.