Zhejiang Mustang BatteryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Mustang BatteryLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥64.2K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥1.6B and CN¥298.0M respectively. Zhejiang Mustang BatteryLtd's EBIT is CN¥120.1M making its interest coverage ratio -11.8. It has cash and short-term investments of CN¥722.8M.
Key information
0.005%
Debt to equity ratio
CN¥64.16k
Debt
Interest coverage ratio | -11.8x |
Cash | CN¥722.84m |
Equity | CN¥1.26b |
Total liabilities | CN¥297.97m |
Total assets | CN¥1.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605378's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥253.3M).
Long Term Liabilities: 605378's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥44.7M).
Debt to Equity History and Analysis
Debt Level: 605378 has more cash than its total debt.
Reducing Debt: 605378's debt to equity ratio has increased from 0% to 0.01% over the past 5 years.
Debt Coverage: 605378's debt is well covered by operating cash flow (181015.9%).
Interest Coverage: 605378 earns more interest than it pays, so coverage of interest payments is not a concern.