Zhejiang Huayou Cobalt Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Huayou Cobalt has a total shareholder equity of CN¥45.8B and total debt of CN¥60.2B, which brings its debt-to-equity ratio to 131.6%. Its total assets and total liabilities are CN¥129.2B and CN¥83.4B respectively. Zhejiang Huayou Cobalt's EBIT is CN¥4.0B making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥17.7B.
Key information
131.6%
Debt to equity ratio
CN¥60.22b
Debt
| Interest coverage ratio | 3.8x |
| Cash | CN¥17.71b |
| Equity | CN¥45.75b |
| Total liabilities | CN¥83.40b |
| Total assets | CN¥129.16b |
Recent financial health updates
Recent updates
The Consensus EPS Estimates For Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Just Fell Dramatically
Apr 29
Zhejiang Huayou Cobalt's (SHSE:603799) Anemic Earnings Might Be Worse Than You Think
Apr 26Zhejiang Huayou Cobalt Co., Ltd's (SHSE:603799) Prospects Need A Boost To Lift Shares
Apr 01Zhejiang Huayou Cobalt (SHSE:603799) Use Of Debt Could Be Considered Risky
Mar 14Financial Position Analysis
Short Term Liabilities: 603799's short term assets (CN¥47.6B) do not cover its short term liabilities (CN¥51.5B).
Long Term Liabilities: 603799's short term assets (CN¥47.6B) exceed its long term liabilities (CN¥31.9B).
Debt to Equity History and Analysis
Debt Level: 603799's net debt to equity ratio (92.9%) is considered high.
Reducing Debt: 603799's debt to equity ratio has increased from 90.4% to 131.6% over the past 5 years.
Debt Coverage: 603799's debt is not well covered by operating cash flow (6%).
Interest Coverage: 603799's interest payments on its debt are well covered by EBIT (3.8x coverage).