Zhejiang Weihua New Material Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Weihua New Material has a total shareholder equity of CN¥2.6B and total debt of CN¥257.4K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥3.0B and CN¥326.1M respectively. Zhejiang Weihua New Material's EBIT is CN¥430.5M making its interest coverage ratio -15.5. It has cash and short-term investments of CN¥1.4B.
Key information
0.01%
Debt to equity ratio
CN¥257.44k
Debt
Interest coverage ratio | -15.5x |
Cash | CN¥1.41b |
Equity | CN¥2.65b |
Total liabilities | CN¥326.09m |
Total assets | CN¥2.97b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 603310's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥154.6M).
Long Term Liabilities: 603310's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥171.5M).
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 (138664.7%).
Interest Coverage: 603310 earns more interest than it pays, so coverage of interest payments is not a concern.