Zhangjiagang Haiguo New Energy Equipment Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Zhangjiagang Haiguo New Energy Equipment Manufacturing has a total shareholder equity of CN¥1.5B and total debt of CN¥280.3M, which brings its debt-to-equity ratio to 18.3%. Its total assets and total liabilities are CN¥2.3B and CN¥725.2M respectively. Zhangjiagang Haiguo New Energy Equipment Manufacturing's EBIT is CN¥69.4M making its interest coverage ratio 417.4. It has cash and short-term investments of CN¥627.4M.
Key information
18.3%
Debt to equity ratio
CN¥280.29m
Debt
Interest coverage ratio | 417.4x |
Cash | CN¥627.44m |
Equity | CN¥1.53b |
Total liabilities | CN¥725.23m |
Total assets | CN¥2.26b |
Financial Position Analysis
Short Term Liabilities: 301063's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥711.3M).
Long Term Liabilities: 301063's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥13.9M).
Debt to Equity History and Analysis
Debt Level: 301063 has more cash than its total debt.
Reducing Debt: 301063's debt to equity ratio has reduced from 55% to 18.3% over the past 5 years.
Debt Coverage: 301063's debt is well covered by operating cash flow (38.7%).
Interest Coverage: 301063's interest payments on its debt are well covered by EBIT (417.4x coverage).