Zhejiang Weihua New Material Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Weihua New Material has a total shareholder equity of CN¥4.2B and total debt of CN¥125.0M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are CN¥4.5B and CN¥343.7M respectively. Zhejiang Weihua New Material's EBIT is CN¥247.0M making its interest coverage ratio -7.6. It has cash and short-term investments of CN¥2.8B.
Key information
3.0%
Debt to equity ratio
CN¥124.97m
Debt
| Interest coverage ratio | -7.6x |
| Cash | CN¥2.79b |
| Equity | CN¥4.15b |
| Total liabilities | CN¥343.69m |
| Total assets | CN¥4.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603310's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥174.3M).
Long Term Liabilities: 603310's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥169.4M).
Debt to Equity History and Analysis
Debt Level: 603310 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603310's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603310's debt is well covered by operating cash flow (191.9%).
Interest Coverage: 603310 earns more interest than it pays, so coverage of interest payments is not a concern.