Zhejiang Zhongke Magnetic Industry Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Zhongke Magnetic Industry has a total shareholder equity of CN¥1.2B and total debt of CN¥11.4M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥1.4B and CN¥192.7M respectively. Zhejiang Zhongke Magnetic Industry's EBIT is CN¥7.9M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥686.0M.
Key information
0.9%
Debt to equity ratio
CN¥11.35m
Debt
| Interest coverage ratio | -0.6x |
| Cash | CN¥686.03m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥192.68m |
| Total assets | CN¥1.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301141's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥177.8M).
Long Term Liabilities: 301141's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥14.9M).
Debt to Equity History and Analysis
Debt Level: 301141 has more cash than its total debt.
Reducing Debt: 301141's debt to equity ratio has reduced from 42.4% to 0.9% over the past 5 years.
Debt Coverage: 301141's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301141 earns more interest than it pays, so coverage of interest payments is not a concern.