Zhejiang Bofay Electric Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Bofay Electric has a total shareholder equity of CN¥742.4M and total debt of CN¥128.4M, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are CN¥1.1B and CN¥354.9M respectively. Zhejiang Bofay Electric's EBIT is CN¥388.5K making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥56.9M.
Key information
17.3%
Debt to equity ratio
CN¥128.36m
Debt
| Interest coverage ratio | -0.7x |
| Cash | CN¥56.88m |
| Equity | CN¥742.38m |
| Total liabilities | CN¥354.95m |
| Total assets | CN¥1.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001255's short term assets (CN¥464.1M) exceed its short term liabilities (CN¥265.5M).
Long Term Liabilities: 001255's short term assets (CN¥464.1M) exceed its long term liabilities (CN¥89.4M).
Debt to Equity History and Analysis
Debt Level: 001255's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: 001255's debt to equity ratio has reduced from 58.4% to 17.3% over the past 5 years.
Debt Coverage: 001255's debt is well covered by operating cash flow (43.7%).
Interest Coverage: 001255 earns more interest than it pays, so coverage of interest payments is not a concern.