Zhejiang Oceanking Development Co., Ltd.

SHSE:603213 Stock Report

Market Cap: CN¥3.8b

Zhejiang Oceanking Development Balance Sheet Health

Financial Health criteria checks 4/6

Zhejiang Oceanking Development has a total shareholder equity of CN¥1.9B and total debt of CN¥701.8M, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are CN¥3.3B and CN¥1.4B respectively. Zhejiang Oceanking Development's EBIT is CN¥309.0M making its interest coverage ratio 39. It has cash and short-term investments of CN¥159.1M.

Key information

36.9%

Debt to equity ratio

CN¥701.80m

Debt

Interest coverage ratio39x
CashCN¥159.13m
EquityCN¥1.90b
Total liabilitiesCN¥1.39b
Total assetsCN¥3.29b

Recent financial health updates

No updates

Recent updates

We Think That There Are Some Issues For Zhejiang Oceanking Development (SHSE:603213) Beyond Its Promising Earnings

Nov 07
We Think That There Are Some Issues For Zhejiang Oceanking Development (SHSE:603213) Beyond Its Promising Earnings

Be Wary Of Zhejiang Oceanking Development (SHSE:603213) And Its Returns On Capital

Jun 06
Be Wary Of Zhejiang Oceanking Development (SHSE:603213) And Its Returns On Capital

We Think That There Are More Issues For Zhejiang Oceanking Development (SHSE:603213) Than Just Sluggish Earnings

Apr 21
We Think That There Are More Issues For Zhejiang Oceanking Development (SHSE:603213) Than Just Sluggish Earnings

Financial Position Analysis

Short Term Liabilities: 603213's short term assets (CN¥837.8M) exceed its short term liabilities (CN¥600.0M).

Long Term Liabilities: 603213's short term assets (CN¥837.8M) exceed its long term liabilities (CN¥786.8M).


Debt to Equity History and Analysis

Debt Level: 603213's net debt to equity ratio (28.5%) is considered satisfactory.

Reducing Debt: 603213's debt to equity ratio has increased from 10.2% to 36.9% over the past 5 years.

Debt Coverage: 603213's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 603213's interest payments on its debt are well covered by EBIT (39x coverage).


Balance Sheet


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