Zhejiang Double Arrow Rubber Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Double Arrow Rubber has a total shareholder equity of CN¥2.2B and total debt of CN¥595.9M, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are CN¥3.8B and CN¥1.6B respectively. Zhejiang Double Arrow Rubber's EBIT is CN¥264.7M making its interest coverage ratio 92.6. It has cash and short-term investments of CN¥688.6M.
Key information
27.3%
Debt to equity ratio
CN¥595.90m
Debt
| Interest coverage ratio | 92.6x |
| Cash | CN¥688.61m |
| Equity | CN¥2.18b |
| Total liabilities | CN¥1.64b |
| Total assets | CN¥3.83b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002381's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥926.1M).
Long Term Liabilities: 002381's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥717.8M).
Debt to Equity History and Analysis
Debt Level: 002381 has more cash than its total debt.
Reducing Debt: 002381's debt to equity ratio has increased from 0.01% to 27.3% over the past 5 years.
Debt Coverage: 002381's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: 002381's interest payments on its debt are well covered by EBIT (92.6x coverage).