Chongqing Zaisheng Technology Balance Sheet Health
Financial Health criteria checks 5/6
Chongqing Zaisheng Technology has a total shareholder equity of CN¥2.3B and total debt of CN¥445.7M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are CN¥3.1B and CN¥848.6M respectively. Chongqing Zaisheng Technology's EBIT is CN¥113.5M making its interest coverage ratio -19.6. It has cash and short-term investments of CN¥682.2M.
Key information
19.4%
Debt to equity ratio
CN¥445.70m
Debt
| Interest coverage ratio | -19.6x |
| Cash | CN¥682.25m |
| Equity | CN¥2.30b |
| Total liabilities | CN¥848.61m |
| Total assets | CN¥3.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603601's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥291.4M).
Long Term Liabilities: 603601's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥557.2M).
Debt to Equity History and Analysis
Debt Level: 603601 has more cash than its total debt.
Reducing Debt: 603601's debt to equity ratio has reduced from 32.6% to 19.4% over the past 5 years.
Debt Coverage: 603601's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 603601 earns more interest than it pays, so coverage of interest payments is not a concern.