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¥661.8M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are CN¥3.8B and CN¥1.6B respectively. Zhejiang Double Arrow Rubber's EBIT is CN¥244.4M making its interest coverage ratio 31.4. It has cash and short-term investments of CN¥526.7M.
Key information
30.5%
Debt to equity ratio
CN¥661.78m
Debt
| Interest coverage ratio | 31.4x |
| Cash | CN¥526.69m |
| Equity | CN¥2.17b |
| Total liabilities | CN¥1.61b |
| Total assets | CN¥3.79b |
Recent financial health updates
No updates
Recent updates
Zhejiang Double Arrow Rubber (SZSE:002381) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Nov 05
Zhejiang Double Arrow Rubber Co., Ltd.'s (SZSE:002381) Business And Shares Still Trailing The Market
Jun 06Additional Considerations Required While Assessing Zhejiang Double Arrow Rubber's (SZSE:002381) Strong Earnings
Apr 03Financial Position Analysis
Short Term Liabilities: 002381's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥871.1M).
Long Term Liabilities: 002381's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥742.9M).
Debt to Equity History and Analysis
Debt Level: 002381's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 002381's debt to equity ratio has increased from 0.01% to 30.5% over the past 5 years.
Debt Coverage: 002381's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002381's interest payments on its debt are well covered by EBIT (31.4x coverage).