Zhejiang Wanfeng ChemicalLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Wanfeng ChemicalLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥110.8M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are CN¥1.3B and CN¥278.8M respectively. Zhejiang Wanfeng ChemicalLtd's EBIT is CN¥21.6M making its interest coverage ratio -3. It has cash and short-term investments of CN¥394.0M.
Key information
10.6%
Debt to equity ratio
CN¥110.78m
Debt
Interest coverage ratio | -3x |
Cash | CN¥394.01m |
Equity | CN¥1.04b |
Total liabilities | CN¥278.85m |
Total assets | CN¥1.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603172's short term assets (CN¥967.8M) exceed its short term liabilities (CN¥231.4M).
Long Term Liabilities: 603172's short term assets (CN¥967.8M) exceed its long term liabilities (CN¥47.5M).
Debt to Equity History and Analysis
Debt Level: 603172 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603172's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603172's debt is not well covered by operating cash flow (0.4%).
Interest Coverage: 603172 earns more interest than it pays, so coverage of interest payments is not a concern.