Zhejiang Longsheng GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Longsheng GroupLtd has a total shareholder equity of CN¥35.9B and total debt of CN¥26.6B, which brings its debt-to-equity ratio to 74.2%. Its total assets and total liabilities are CN¥75.5B and CN¥39.6B respectively. Zhejiang Longsheng GroupLtd's EBIT is CN¥1.8B making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥20.6B.
Key information
74.2%
Debt to equity ratio
CN¥26.64b
Debt
| Interest coverage ratio | -5.3x |
| Cash | CN¥20.59b |
| Equity | CN¥35.91b |
| Total liabilities | CN¥39.58b |
| Total assets | CN¥75.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600352's short term assets (CN¥55.4B) exceed its short term liabilities (CN¥25.6B).
Long Term Liabilities: 600352's short term assets (CN¥55.4B) exceed its long term liabilities (CN¥14.0B).
Debt to Equity History and Analysis
Debt Level: 600352's net debt to equity ratio (16.8%) is considered satisfactory.
Reducing Debt: 600352's debt to equity ratio has reduced from 89.2% to 74.2% over the past 5 years.
Debt Coverage: 600352's debt is not well covered by operating cash flow (4%).
Interest Coverage: 600352 earns more interest than it pays, so coverage of interest payments is not a concern.