Zhejiang Great Shengda PackagingLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Great Shengda PackagingLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥74.9M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥4.4B and CN¥849.9M respectively. Zhejiang Great Shengda PackagingLtd's EBIT is CN¥140.5M making its interest coverage ratio 37.2. It has cash and short-term investments of CN¥1.3B.
Key information
2.1%
Debt to equity ratio
CN¥74.86m
Debt
| Interest coverage ratio | 37.2x |
| Cash | CN¥1.29b |
| Equity | CN¥3.50b |
| Total liabilities | CN¥849.88m |
| Total assets | CN¥4.35b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603687's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥684.8M).
Long Term Liabilities: 603687's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥165.1M).
Debt to Equity History and Analysis
Debt Level: 603687 has more cash than its total debt.
Reducing Debt: 603687's debt to equity ratio has reduced from 27.3% to 2.1% over the past 5 years.
Debt Coverage: 603687's debt is well covered by operating cash flow (387.5%).
Interest Coverage: 603687's interest payments on its debt are well covered by EBIT (37.2x coverage).