Zhejiang Canaan Technology Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Canaan Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥466.0M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are CN¥2.5B and CN¥1.5B respectively.
Key information
44.8%
Debt to equity ratio
CN¥465.95m
Debt
Interest coverage ratio | n/a |
Cash | CN¥230.91m |
Equity | CN¥1.04b |
Total liabilities | CN¥1.51b |
Total assets | CN¥2.55b |
Financial Position Analysis
Short Term Liabilities: 300412's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 300412's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥205.7M).
Debt to Equity History and Analysis
Debt Level: 300412's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: 300412's debt to equity ratio has increased from 7.2% to 44.8% 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.