Zhe Jiang Hai Liang Balance Sheet Health
Financial Health criteria checks 3/6
Zhe Jiang Hai Liang has a total shareholder equity of CN¥16.9B and total debt of CN¥22.9B, which brings its debt-to-equity ratio to 135.2%. Its total assets and total liabilities are CN¥47.7B and CN¥30.7B respectively. Zhe Jiang Hai Liang's EBIT is CN¥1.5B making its interest coverage ratio 6.4. It has cash and short-term investments of CN¥6.8B.
Key information
135.2%
Debt to equity ratio
CN¥22.91b
Debt
| Interest coverage ratio | 6.4x |
| Cash | CN¥6.77b |
| Equity | CN¥16.94b |
| Total liabilities | CN¥30.75b |
| Total assets | CN¥47.69b |
Recent financial health updates
Recent updates
Zhe Jiang Hai Liang's (SZSE:002203) Problems Go Beyond Weak Profit
Sep 06
Here's Why Zhe Jiang Hai Liang (SZSE:002203) Has A Meaningful Debt Burden
Aug 16Zhe Jiang Hai Liang (SZSE:002203) Has Announced That It Will Be Increasing Its Dividend To CN¥0.17
Jul 12Improved Earnings Required Before Zhe Jiang Hai Liang Co., Ltd (SZSE:002203) Shares Find Their Feet
May 21If EPS Growth Is Important To You, Zhe Jiang Hai Liang (SZSE:002203) Presents An Opportunity
Apr 08Zhe Jiang Hai Liang (SZSE:002203) Is Reinvesting At Lower Rates Of Return
Mar 21Financial Position Analysis
Short Term Liabilities: 002203's short term assets (CN¥30.0B) exceed its short term liabilities (CN¥21.3B).
Long Term Liabilities: 002203's short term assets (CN¥30.0B) exceed its long term liabilities (CN¥9.5B).
Debt to Equity History and Analysis
Debt Level: 002203's net debt to equity ratio (95.3%) is considered high.
Reducing Debt: 002203's debt to equity ratio has increased from 87.5% to 135.2% over the past 5 years.
Debt Coverage: 002203's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002203's interest payments on its debt are well covered by EBIT (6.4x coverage).