Zhejiang Huada New Materials Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Huada New Materials has a total shareholder equity of CN¥2.5B and total debt of CN¥923.2M, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are CN¥6.7B and CN¥4.1B respectively. Zhejiang Huada New Materials's EBIT is CN¥230.0M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥3.7B.
Key information
36.8%
Debt to equity ratio
CN¥923.24m
Debt
Interest coverage ratio | -2.6x |
Cash | CN¥3.74b |
Equity | CN¥2.51b |
Total liabilities | CN¥4.15b |
Total assets | CN¥6.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605158's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 605158's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥263.1M).
Debt to Equity History and Analysis
Debt Level: 605158 has more cash than its total debt.
Reducing Debt: 605158's debt to equity ratio has reduced from 57.8% to 36.8% over the past 5 years.
Debt Coverage: 605158's debt is well covered by operating cash flow (45.7%).
Interest Coverage: 605158 earns more interest than it pays, so coverage of interest payments is not a concern.