Zhejiang Zhenyuan ShareLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Zhenyuan ShareLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥231.2M, which brings its debt-to-equity ratio to 11.7%. Its total assets and total liabilities are CN¥3.3B and CN¥1.3B respectively. Zhejiang Zhenyuan ShareLtd's EBIT is CN¥58.0M making its interest coverage ratio -5. It has cash and short-term investments of CN¥558.6M.
Key information
11.7%
Debt to equity ratio
CN¥231.21m
Debt
| Interest coverage ratio | -5x |
| Cash | CN¥558.61m |
| Equity | CN¥1.97b |
| Total liabilities | CN¥1.29b |
| Total assets | CN¥3.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000705's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 000705's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥265.0M).
Debt to Equity History and Analysis
Debt Level: 000705 has more cash than its total debt.
Reducing Debt: 000705's debt to equity ratio has increased from 0% to 11.7% over the past 5 years.
Debt Coverage: 000705's debt is well covered by operating cash flow (52.3%).
Interest Coverage: 000705 earns more interest than it pays, so coverage of interest payments is not a concern.