Zhejiang Yongtai TechnologyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Zhejiang Yongtai TechnologyLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥4.5B, which brings its debt-to-equity ratio to 131%. Its total assets and total liabilities are CN¥11.1B and CN¥7.7B respectively.
Key information
131.0%
Debt to equity ratio
CN¥4.48b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥898.47m |
| Equity | CN¥3.42b |
| Total liabilities | CN¥7.66b |
| Total assets | CN¥11.08b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002326's short term assets (CN¥3.5B) do not cover its short term liabilities (CN¥6.0B).
Long Term Liabilities: 002326's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 002326's net debt to equity ratio (104.7%) is considered high.
Reducing Debt: 002326's debt to equity ratio has increased from 54.5% to 131% 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.