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¥467.1M, which brings its debt-to-equity ratio to 28.7%. Its total assets and total liabilities are CN¥2.5B and CN¥841.0M respectively. Zhejiang Guanghua TechnologyLtd's EBIT is CN¥113.1M making its interest coverage ratio -12.6. It has cash and short-term investments of CN¥700.6M.
Key information
28.7%
Debt to equity ratio
CN¥467.15m
Debt
| Interest coverage ratio | -12.6x |
| Cash | CN¥700.55m |
| Equity | CN¥1.63b |
| Total liabilities | CN¥841.04m |
| Total assets | CN¥2.47b |
Recent financial health updates
No updates
Recent updates
Weak Statutory Earnings May Not Tell The Whole Story For Zhejiang Guanghua TechnologyLtd (SZSE:001333)
Nov 04
Zhejiang Guanghua TechnologyLtd's (SZSE:001333) Dividend Is Being Reduced To CN¥0.36
Jun 11Zhejiang Guanghua TechnologyLtd's (SZSE:001333) Weak Earnings May Only Reveal A Part Of The Whole Picture
May 01Financial Position Analysis
Short Term Liabilities: 001333's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥829.4M).
Long Term Liabilities: 001333's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥11.7M).
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 70.8% to 28.7% 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.