Zhejiang Huayou Cobalt Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Huayou Cobalt has a total shareholder equity of CN¥46.3B and total debt of CN¥60.6B, which brings its debt-to-equity ratio to 130.8%. Its total assets and total liabilities are CN¥131.2B and CN¥84.9B respectively. Zhejiang Huayou Cobalt's EBIT is CN¥5.2B making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥19.4B.
Key information
130.8%
Debt to equity ratio
CN¥60.60b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CN¥19.42b |
| Equity | CN¥46.32b |
| Total liabilities | CN¥84.93b |
| Total assets | CN¥131.25b |
Recent financial health updates
Is Zhejiang Huayou Cobalt (SHSE:603799) Using Too Much Debt?
Jun 28
Zhejiang Huayou Cobalt (SHSE:603799) Use Of Debt Could Be Considered Risky
Mar 14Recent updates
Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Screens Well But There Might Be A Catch
Sep 30Zhejiang Huayou Cobalt Co., Ltd Just Recorded A 64% EPS Beat: Here's What Analysts Are Forecasting Next
Aug 22Zhejiang Huayou Cobalt (SHSE:603799) Will Want To Turn Around Its Return Trends
Jul 16Is Zhejiang Huayou Cobalt (SHSE:603799) Using Too Much Debt?
Jun 28The Consensus EPS Estimates For Zhejiang Huayou Cobalt Co., Ltd (SHSE:603799) Just Fell Dramatically
Apr 29Zhejiang 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¥50.1B) do not cover its short term liabilities (CN¥51.3B).
Long Term Liabilities: 603799's short term assets (CN¥50.1B) exceed its long term liabilities (CN¥33.6B).
Debt to Equity History and Analysis
Debt Level: 603799's net debt to equity ratio (88.9%) is considered high.
Reducing Debt: 603799's debt to equity ratio has increased from 80.6% to 130.8% over the past 5 years.
Debt Coverage: 603799's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: 603799's interest payments on its debt are well covered by EBIT (4.4x coverage).