Zhejiang Rongsheng Environmental Protection Paper Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Rongsheng Environmental Protection Paper has a total shareholder equity of CN¥2.3B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are CN¥4.6B and CN¥2.3B respectively. Zhejiang Rongsheng Environmental Protection Paper's EBIT is CN¥276.1M making its interest coverage ratio 61. It has cash and short-term investments of CN¥2.6B.
Key information
78.1%
Debt to equity ratio
CN¥1.78b
Debt
| Interest coverage ratio | 61x |
| Cash | CN¥2.58b |
| Equity | CN¥2.28b |
| Total liabilities | CN¥2.32b |
| Total assets | CN¥4.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603165's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603165's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥543.3M).
Debt to Equity History and Analysis
Debt Level: 603165 has more cash than its total debt.
Reducing Debt: 603165's debt to equity ratio has increased from 16.3% to 78.1% over the past 5 years.
Debt Coverage: 603165's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: 603165's interest payments on its debt are well covered by EBIT (61x coverage).