Zhejiang Zhongxin Fluoride MaterialsLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Zhongxin Fluoride MaterialsLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 69.4%. Its total assets and total liabilities are CN¥3.4B and CN¥1.7B respectively.
Key information
69.4%
Debt to equity ratio
CN¥1.18b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥385.02m |
| Equity | CN¥1.70b |
| Total liabilities | CN¥1.67b |
| Total assets | CN¥3.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002915's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002915's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥602.3M).
Debt to Equity History and Analysis
Debt Level: 002915's net debt to equity ratio (46.8%) is considered high.
Reducing Debt: 002915's debt to equity ratio has increased from 36.2% to 69.4% over the past 5 years.
Debt Coverage: 002915's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002915's interest payments on its debt are well covered by EBIT.