Yiwu Huading NylonLtd Balance Sheet Health
Financial Health criteria checks 6/6
Yiwu Huading NylonLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥748.3M, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are CN¥6.3B and CN¥2.9B respectively. Yiwu Huading NylonLtd's EBIT is CN¥329.2M making its interest coverage ratio -1085.4. It has cash and short-term investments of CN¥1.1B.
Key information
22.0%
Debt to equity ratio
CN¥748.29m
Debt
Interest coverage ratio | -1085.4x |
Cash | CN¥1.13b |
Equity | CN¥3.40b |
Total liabilities | CN¥2.93b |
Total assets | CN¥6.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601113's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 601113's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥898.6M).
Debt to Equity History and Analysis
Debt Level: 601113 has more cash than its total debt.
Reducing Debt: 601113's debt to equity ratio has reduced from 28.2% to 22% over the past 5 years.
Debt Coverage: 601113's debt is well covered by operating cash flow (98.6%).
Interest Coverage: 601113 earns more interest than it pays, so coverage of interest payments is not a concern.