Zhejiang Kan Specialities Material Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Kan Specialities Material has a total shareholder equity of CN¥1.7B and total debt of CN¥144.3M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are CN¥1.9B and CN¥231.9M respectively. Zhejiang Kan Specialities Material's EBIT is CN¥7.7M making its interest coverage ratio -0.4. It has cash and short-term investments of CN¥915.7M.
Key information
8.4%
Debt to equity ratio
CN¥144.35m
Debt
| Interest coverage ratio | -0.4x |
| Cash | CN¥915.70m |
| Equity | CN¥1.71b |
| Total liabilities | CN¥231.87m |
| Total assets | CN¥1.94b |
Financial Position Analysis
Short Term Liabilities: 002012's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥210.0M).
Long Term Liabilities: 002012's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥21.9M).
Debt to Equity History and Analysis
Debt Level: 002012 has more cash than its total debt.
Reducing Debt: 002012's debt to equity ratio has reduced from 21% to 8.4% over the past 5 years.
Debt Coverage: 002012's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002012 earns more interest than it pays, so coverage of interest payments is not a concern.