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¥1.5B, which brings its debt-to-equity ratio to 65.4%. Its total assets and total liabilities are CN¥4.3B and CN¥1.9B respectively. Zhejiang Rongsheng Environmental Protection Paper's EBIT is CN¥252.2M making its interest coverage ratio -12.3. It has cash and short-term investments of CN¥2.4B.
Key information
65.4%
Debt to equity ratio
CN¥1.52b
Debt
Interest coverage ratio | -12.3x |
Cash | CN¥2.40b |
Equity | CN¥2.33b |
Total liabilities | CN¥1.94b |
Total assets | CN¥4.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603165's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603165's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥524.2M).
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 0% to 65.4% over the past 5 years.
Debt Coverage: 603165's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: 603165 earns more interest than it pays, so coverage of interest payments is not a concern.