Zhejiang Zhongxin Environmental Protection Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Zhongxin Environmental Protection Technology Group has a total shareholder equity of CN¥1.9B and total debt of CN¥391.4M, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥2.5B and CN¥606.9M respectively. Zhejiang Zhongxin Environmental Protection Technology Group's EBIT is CN¥333.1M making its interest coverage ratio 93.8. It has cash and short-term investments of CN¥773.2M.
Key information
20.5%
Debt to equity ratio
CN¥391.43m
Debt
| Interest coverage ratio | 93.8x |
| Cash | CN¥773.24m |
| Equity | CN¥1.91b |
| Total liabilities | CN¥606.87m |
| Total assets | CN¥2.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603091's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥503.6M).
Long Term Liabilities: 603091's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥103.2M).
Debt to Equity History and Analysis
Debt Level: 603091 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603091's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603091's debt is well covered by operating cash flow (65.5%).
Interest Coverage: 603091's interest payments on its debt are well covered by EBIT (93.8x coverage).