Zhejiang Dragon Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Dragon Technology has a total shareholder equity of CN¥1.9B and total debt of CN¥60.1M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are CN¥2.2B and CN¥258.4M respectively. Zhejiang Dragon Technology's EBIT is CN¥189.0M making its interest coverage ratio -122. It has cash and short-term investments of CN¥1.2B.
Key information
3.1%
Debt to equity ratio
CN¥60.12m
Debt
| Interest coverage ratio | -122x |
| Cash | CN¥1.19b |
| Equity | CN¥1.93b |
| Total liabilities | CN¥258.42m |
| Total assets | CN¥2.18b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603004's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥197.6M).
Long Term Liabilities: 603004's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥60.8M).
Debt to Equity History and Analysis
Debt Level: 603004 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603004's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603004's debt is well covered by operating cash flow (360%).
Interest Coverage: 603004 earns more interest than it pays, so coverage of interest payments is not a concern.