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¥19.8M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥4.4B and CN¥896.2M respectively. Zhejiang Great Shengda PackagingLtd's EBIT is CN¥136.5M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥1.3B.
Key information
0.6%
Debt to equity ratio
CN¥19.82m
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥1.32b |
| Equity | CN¥3.51b |
| Total liabilities | CN¥896.20m |
| Total assets | CN¥4.41b |
Recent financial health updates
Does Zhejiang Great Shengda PackagingLtd (SHSE:603687) Have A Healthy Balance Sheet?
Sep 27
Zhejiang Great Shengda PackagingLtd (SHSE:603687) Has A Pretty Healthy Balance Sheet
Feb 28Recent updates
Does Zhejiang Great Shengda PackagingLtd (SHSE:603687) Have A Healthy Balance Sheet?
Sep 27Zhejiang Great Shengda PackagingLtd's (SHSE:603687) Earnings Are Of Questionable Quality
Aug 27Here's What's Concerning About Zhejiang Great Shengda PackagingLtd's (SHSE:603687) Returns On Capital
Aug 14Some Confidence Is Lacking In Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) As Shares Slide 26%
May 28A Look At The Intrinsic Value Of Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687)
May 22Optimistic Investors Push Zhejiang Great Shengda Packaging Co.,Ltd. (SHSE:603687) Shares Up 32% But Growth Is Lacking
Mar 08Zhejiang Great Shengda PackagingLtd (SHSE:603687) Has A Pretty Healthy Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 603687's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥731.6M).
Long Term Liabilities: 603687's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥164.6M).
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 7.6% to 0.6% over the past 5 years.
Debt Coverage: 603687's debt is well covered by operating cash flow (1551.1%).
Interest Coverage: 603687 earns more interest than it pays, so coverage of interest payments is not a concern.