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¥2.1B, which brings its debt-to-equity ratio to 56.2%. Its total assets and total liabilities are CN¥7.0B and CN¥3.2B respectively. Zhejiang Hailide New MaterialLtd's EBIT is CN¥434.5M making its interest coverage ratio 13.6. It has cash and short-term investments of CN¥1.2B.
Key information
56.2%
Debt to equity ratio
CN¥2.14b
Debt
| Interest coverage ratio | 13.6x |
| Cash | CN¥1.19b |
| Equity | CN¥3.80b |
| Total liabilities | CN¥3.15b |
| Total assets | CN¥6.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002206's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002206's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥460.7M).
Debt to Equity History and Analysis
Debt Level: 002206's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: 002206's debt to equity ratio has increased from 55.3% to 56.2% over the past 5 years.
Debt Coverage: 002206's debt is well covered by operating cash flow (29.2%).
Interest Coverage: 002206's interest payments on its debt are well covered by EBIT (13.6x coverage).