Zhejiang Canaan Technology Limited

SZSE:300412 Stock Report

Market Cap: CN¥2.0b

Zhejiang Canaan Technology Balance Sheet Health

Financial Health criteria checks 3/6

Zhejiang Canaan Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥468.8M, which brings its debt-to-equity ratio to 44.1%. Its total assets and total liabilities are CN¥2.6B and CN¥1.5B respectively.

Key information

44.1%

Debt to equity ratio

CN¥468.78m

Debt

Interest coverage ration/a
CashCN¥298.39m
EquityCN¥1.06b
Total liabilitiesCN¥1.51b
Total assetsCN¥2.58b

Recent financial health updates

No updates

Recent updates

Zhejiang Canaan Technology Limited's (SZSE:300412) Price Is Right But Growth Is Lacking After Shares Rocket 30%

Oct 01
Zhejiang Canaan Technology Limited's (SZSE:300412) Price Is Right But Growth Is Lacking After Shares Rocket 30%

Revenues Working Against Zhejiang Canaan Technology Limited's (SZSE:300412) Share Price Following 28% Dive

Jun 12
Revenues Working Against Zhejiang Canaan Technology Limited's (SZSE:300412) Share Price Following 28% Dive

Zhejiang Canaan Technology Limited (SZSE:300412) Surges 42% Yet Its Low P/S Is No Reason For Excitement

Mar 08
Zhejiang Canaan Technology Limited (SZSE:300412) Surges 42% Yet Its Low P/S Is No Reason For Excitement

Financial Position Analysis

Short Term Liabilities: 300412's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.3B).

Long Term Liabilities: 300412's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥166.7M).


Debt to Equity History and Analysis

Debt Level: 300412's net debt to equity ratio (16%) is considered satisfactory.

Reducing Debt: 300412's debt to equity ratio has increased from 8% to 44.1% over the past 5 years.

Debt Coverage: 300412's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 300412's interest payments on its debt are well covered by EBIT.


Balance Sheet


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