Zhejiang Guanghua TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Guanghua TechnologyLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥475.1M, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are CN¥2.4B and CN¥790.0M respectively. Zhejiang Guanghua TechnologyLtd's EBIT is CN¥121.3M making its interest coverage ratio -15.8. It has cash and short-term investments of CN¥726.0M.
Key information
29.7%
Debt to equity ratio
CN¥475.11m
Debt
| Interest coverage ratio | -15.8x |
| Cash | CN¥726.01m |
| Equity | CN¥1.60b |
| Total liabilities | CN¥790.01m |
| Total assets | CN¥2.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001333's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥778.5M).
Long Term Liabilities: 001333's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥11.5M).
Debt to Equity History and Analysis
Debt Level: 001333 has more cash than its total debt.
Reducing Debt: 001333's debt to equity ratio has reduced from 79.1% to 29.7% over the past 5 years.
Debt Coverage: 001333's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 001333 earns more interest than it pays, so coverage of interest payments is not a concern.