Zhejiang Zhengguang Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Zhengguang Industrial has a total shareholder equity of CN¥1.8B and total debt of CN¥31.1M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥2.0B and CN¥199.9M respectively. Zhejiang Zhengguang Industrial's EBIT is CN¥86.0M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥1.2B.
Key information
1.7%
Debt to equity ratio
CN¥31.15m
Debt
Interest coverage ratio | -2.6x |
Cash | CN¥1.21b |
Equity | CN¥1.84b |
Total liabilities | CN¥199.86m |
Total assets | CN¥2.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301092's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥167.5M).
Long Term Liabilities: 301092's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥32.4M).
Debt to Equity History and Analysis
Debt Level: 301092 has more cash than its total debt.
Reducing Debt: 301092's debt to equity ratio has reduced from 18% to 1.7% over the past 5 years.
Debt Coverage: 301092's debt is well covered by operating cash flow (291%).
Interest Coverage: 301092 earns more interest than it pays, so coverage of interest payments is not a concern.