Zhejiang Wansheng Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Wansheng has a total shareholder equity of CN¥4.1B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are CN¥6.5B and CN¥2.4B respectively. Zhejiang Wansheng's EBIT is CN¥209.1M making its interest coverage ratio -183.7. It has cash and short-term investments of CN¥1.5B.
Key information
26.9%
Debt to equity ratio
CN¥1.11b
Debt
Interest coverage ratio | -183.7x |
Cash | CN¥1.46b |
Equity | CN¥4.12b |
Total liabilities | CN¥2.36b |
Total assets | CN¥6.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603010's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603010's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603010 has more cash than its total debt.
Reducing Debt: 603010's debt to equity ratio has reduced from 42.7% to 26.9% over the past 5 years.
Debt Coverage: 603010's debt is well covered by operating cash flow (52.6%).
Interest Coverage: 603010 earns more interest than it pays, so coverage of interest payments is not a concern.