Zhejiang Longsheng GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Longsheng GroupLtd has a total shareholder equity of CN¥37.1B and total debt of CN¥26.9B, which brings its debt-to-equity ratio to 72.7%. Its total assets and total liabilities are CN¥74.0B and CN¥36.9B respectively. Zhejiang Longsheng GroupLtd's EBIT is CN¥1.9B making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥19.1B.
Key information
72.7%
Debt to equity ratio
CN¥26.94b
Debt
| Interest coverage ratio | -9.8x |
| Cash | CN¥19.10b |
| Equity | CN¥37.07b |
| Total liabilities | CN¥36.91b |
| Total assets | CN¥73.99b |
Recent financial health updates
Is Zhejiang Longsheng GroupLtd (SHSE:600352) A Risky Investment?
Nov 26
Does Zhejiang Longsheng GroupLtd (SHSE:600352) Have A Healthy Balance Sheet?
Jul 22Recent updates
Is Zhejiang Longsheng GroupLtd (SHSE:600352) A Risky Investment?
Nov 26Zhejiang Longsheng GroupLtd's (SHSE:600352) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 01Does Zhejiang Longsheng GroupLtd (SHSE:600352) Have A Healthy Balance Sheet?
Jul 22There Is A Reason Zhejiang Longsheng Group Co.,Ltd's (SHSE:600352) Price Is Undemanding
Jun 21There May Be Reason For Hope In Zhejiang Longsheng GroupLtd's (SHSE:600352) Disappointing Earnings
Apr 26Zhejiang Longsheng Group Co.,Ltd's (SHSE:600352) Earnings Are Not Doing Enough For Some Investors
Mar 05Financial Position Analysis
Short Term Liabilities: 600352's short term assets (CN¥54.3B) exceed its short term liabilities (CN¥26.8B).
Long Term Liabilities: 600352's short term assets (CN¥54.3B) exceed its long term liabilities (CN¥10.2B).
Debt to Equity History and Analysis
Debt Level: 600352's net debt to equity ratio (21.1%) is considered satisfactory.
Reducing Debt: 600352's debt to equity ratio has increased from 67.7% to 72.7% over the past 5 years.
Debt Coverage: 600352's debt is not well covered by operating cash flow (12%).
Interest Coverage: 600352 earns more interest than it pays, so coverage of interest payments is not a concern.