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¥462.0M, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are CN¥2.6B and CN¥1.5B respectively.
Key information
43.4%
Debt to equity ratio
CN¥462.04m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥273.02m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥1.53b |
| Total assets | CN¥2.59b |
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
Revenues Working Against Zhejiang Canaan Technology Limited's (SZSE:300412) Share Price Following 28% Dive
Jun 12Zhejiang Canaan Technology Limited (SZSE:300412) Surges 42% Yet Its Low P/S Is No Reason For Excitement
Mar 08Financial Position Analysis
Short Term Liabilities: 300412's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300412's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥169.0M).
Debt to Equity History and Analysis
Debt Level: 300412's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: 300412's debt to equity ratio has increased from 9% to 43.4% 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.