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¥180.2M, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are CN¥2.0B and CN¥525.1M respectively. Zhejiang Hisun BiomaterialsLtd's EBIT is CN¥38.3M making its interest coverage ratio -7.7. It has cash and short-term investments of CN¥512.3M.
Key information
12.0%
Debt to equity ratio
CN¥180.24m
Debt
| Interest coverage ratio | -7.7x |
| Cash | CN¥512.25m |
| Equity | CN¥1.50b |
| Total liabilities | CN¥525.09m |
| Total assets | CN¥2.02b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688203's short term assets (CN¥812.1M) exceed its short term liabilities (CN¥403.9M).
Long Term Liabilities: 688203's short term assets (CN¥812.1M) exceed its long term liabilities (CN¥121.2M).
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 115.3% to 12% over the past 5 years.
Debt Coverage: 688203's debt is well covered by operating cash flow (27.8%).
Interest Coverage: 688203 earns more interest than it pays, so coverage of interest payments is not a concern.