Zhejiang Hailide New MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Hailide New MaterialLtd has a total shareholder equity of CN¥3.8B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are CN¥7.7B and CN¥4.0B respectively. Zhejiang Hailide New MaterialLtd's EBIT is CN¥451.9M making its interest coverage ratio 15.4. It has cash and short-term investments of CN¥1.9B.
Key information
77.9%
Debt to equity ratio
CN¥2.94b
Debt
Interest coverage ratio | 15.4x |
Cash | CN¥1.86b |
Equity | CN¥3.77b |
Total liabilities | CN¥3.96b |
Total assets | CN¥7.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002206's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 002206's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥484.5M).
Debt to Equity History and Analysis
Debt Level: 002206's net debt to equity ratio (28.6%) is considered satisfactory.
Reducing Debt: 002206's debt to equity ratio has increased from 43.5% to 77.9% over the past 5 years.
Debt Coverage: 002206's debt is well covered by operating cash flow (26.2%).
Interest Coverage: 002206's interest payments on its debt are well covered by EBIT (15.4x coverage).