Zhejiang Yongtai TechnologyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Zhejiang Yongtai TechnologyLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 133.5%. Its total assets and total liabilities are CN¥11.5B and CN¥8.2B respectively.
Key information
133.5%
Debt to equity ratio
CN¥4.39b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥804.74m |
| Equity | CN¥3.29b |
| Total liabilities | CN¥8.21b |
| Total assets | CN¥11.50b |
Recent financial health updates
Here's Why Zhejiang Yongtai TechnologyLtd (SZSE:002326) Can Afford Some Debt
Jul 16
Would Zhejiang Yongtai TechnologyLtd (SZSE:002326) Be Better Off With Less Debt?
Feb 29Recent updates
There's Reason For Concern Over Zhejiang Yongtai Technology Co.,Ltd.'s (SZSE:002326) Massive 40% Price Jump
Oct 08Some Confidence Is Lacking In Zhejiang Yongtai Technology Co.,Ltd.'s (SZSE:002326) P/S
Aug 20Here's Why Zhejiang Yongtai TechnologyLtd (SZSE:002326) Can Afford Some Debt
Jul 16Zhejiang Yongtai Technology Co.,Ltd.'s (SZSE:002326) Shares May Have Run Too Fast Too Soon
Apr 22Would Zhejiang Yongtai TechnologyLtd (SZSE:002326) Be Better Off With Less Debt?
Feb 29Financial Position Analysis
Short Term Liabilities: 002326's short term assets (CN¥4.0B) do not cover its short term liabilities (CN¥6.4B).
Long Term Liabilities: 002326's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 002326's net debt to equity ratio (109%) is considered high.
Reducing Debt: 002326's debt to equity ratio has increased from 59.2% to 133.5% over the past 5 years.
Debt Coverage: 002326's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002326's interest payments on its debt are well covered by EBIT.