Zhejiang Zhenyuan ShareLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Zhenyuan ShareLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.9B and CN¥940.3M respectively. Zhejiang Zhenyuan ShareLtd's EBIT is CN¥94.3M making its interest coverage ratio -7.6. It has cash and short-term investments of CN¥458.9M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -7.6x |
Cash | CN¥458.89m |
Equity | CN¥2.00b |
Total liabilities | CN¥940.29m |
Total assets | CN¥2.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000705's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥779.3M).
Long Term Liabilities: 000705's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥161.0M).
Debt to Equity History and Analysis
Debt Level: 000705 is debt free.
Reducing Debt: 000705 has no debt compared to 5 years ago when its debt to equity ratio was 2.1%.
Debt Coverage: 000705 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 000705 has no debt, therefore coverage of interest payments is not a concern.