Zhejiang Hisun BiomaterialsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Hisun BiomaterialsLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥269.9M, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are CN¥2.0B and CN¥546.9M respectively. Zhejiang Hisun BiomaterialsLtd's EBIT is CN¥39.1M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥745.7M.
Key information
18.1%
Debt to equity ratio
CN¥269.87m
Debt
Interest coverage ratio | -3.6x |
Cash | CN¥745.67m |
Equity | CN¥1.49b |
Total liabilities | CN¥546.92m |
Total assets | CN¥2.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688203's short term assets (CN¥988.9M) exceed its short term liabilities (CN¥401.4M).
Long Term Liabilities: 688203's short term assets (CN¥988.9M) exceed its long term liabilities (CN¥145.5M).
Debt to Equity History and Analysis
Debt Level: 688203 has more cash than its total debt.
Reducing Debt: 688203's debt to equity ratio has reduced from 86.9% to 18.1% over the past 5 years.
Debt Coverage: 688203's debt is well covered by operating cash flow (38.2%).
Interest Coverage: 688203 earns more interest than it pays, so coverage of interest payments is not a concern.