Zhejiang Oceanking Development Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Oceanking Development has a total shareholder equity of CN¥1.9B and total debt of CN¥745.9M, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are CN¥3.4B and CN¥1.5B respectively. Zhejiang Oceanking Development's EBIT is CN¥285.2M making its interest coverage ratio -77.6. It has cash and short-term investments of CN¥392.1M.
Key information
38.8%
Debt to equity ratio
CN¥745.88m
Debt
| Interest coverage ratio | -77.6x |
| Cash | CN¥392.07m |
| Equity | CN¥1.92b |
| Total liabilities | CN¥1.49b |
| Total assets | CN¥3.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603213's short term assets (CN¥958.0M) exceed its short term liabilities (CN¥687.6M).
Long Term Liabilities: 603213's short term assets (CN¥958.0M) exceed its long term liabilities (CN¥802.2M).
Debt to Equity History and Analysis
Debt Level: 603213's net debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: 603213's debt to equity ratio has reduced from 43.7% to 38.8% over the past 5 years.
Debt Coverage: 603213's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603213 earns more interest than it pays, so coverage of interest payments is not a concern.