Zhejiang Power New Energy Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Power New Energy has a total shareholder equity of CN¥2.9B and total debt of CN¥14.9M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥4.1B and CN¥1.2B respectively.
Key information
0.5%
Debt to equity ratio
CN¥14.91m
Debt
Interest coverage ratio | n/a |
Cash | CN¥269.11m |
Equity | CN¥2.92b |
Total liabilities | CN¥1.20b |
Total assets | CN¥4.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688184's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 688184's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥55.5M).
Debt to Equity History and Analysis
Debt Level: 688184 has more cash than its total debt.
Reducing Debt: 688184's debt to equity ratio has reduced from 8.9% to 0.5% over the past 5 years.
Debt Coverage: 688184's debt is well covered by operating cash flow (728.2%).
Interest Coverage: Insufficient data to determine if 688184's interest payments on its debt are well covered by EBIT.