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¥31.5B, which brings its debt-to-equity ratio to 87.9%. 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 -4.9. It has cash and short-term investments of CN¥20.6B.
Key information
87.9%
Debt to equity ratio
CN¥31.54b
Debt
Interest coverage ratio | -4.9x |
Cash | CN¥20.59b |
Equity | CN¥35.91b |
Total liabilities | CN¥39.58b |
Total assets | CN¥75.49b |
Recent financial health updates
Recent updates
Does 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¥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 (30.5%) is considered satisfactory.
Reducing Debt: 600352's debt to equity ratio has reduced from 89.2% to 87.9% over the past 5 years.
Debt Coverage: 600352's debt is not well covered by operating cash flow (3.3%).
Interest Coverage: 600352 earns more interest than it pays, so coverage of interest payments is not a concern.