Zhejiang Sanmei Chemical IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Sanmei Chemical IndustryLtd has a total shareholder equity of CN¥6.1B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥6.8B and CN¥740.1M respectively. Zhejiang Sanmei Chemical IndustryLtd's EBIT is CN¥294.2M making its interest coverage ratio -114.4. It has cash and short-term investments of CN¥3.2B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -114.4x |
| Cash | CN¥3.18b |
| Equity | CN¥6.08b |
| Total liabilities | CN¥740.15m |
| Total assets | CN¥6.82b |
Financial Position Analysis
Short Term Liabilities: 603379's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥724.4M).
Long Term Liabilities: 603379's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥15.7M).
Debt to Equity History and Analysis
Debt Level: 603379 is debt free.
Reducing Debt: 603379 has no debt compared to 5 years ago when its debt to equity ratio was 7.7%.
Debt Coverage: 603379 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 603379 has no debt, therefore coverage of interest payments is not a concern.