Zhejiang Hengda New MaterialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Hengda New MaterialLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥155.4M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are CN¥1.6B and CN¥286.8M respectively. Zhejiang Hengda New MaterialLtd's EBIT is CN¥59.1M making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥504.7M.
Key information
11.5%
Debt to equity ratio
CN¥155.40m
Debt
| Interest coverage ratio | -6.4x |
| Cash | CN¥504.68m |
| Equity | CN¥1.35b |
| Total liabilities | CN¥286.75m |
| Total assets | CN¥1.64b |
Recent financial health updates
No updates
Recent updates
Insufficient Growth At Zhejiang Hengda New Material Co.,Ltd. (SZSE:301469) Hampers Share Price
Sep 29
Not Many Are Piling Into Zhejiang Hengda New Material Co.,Ltd. (SZSE:301469) Just Yet
Jun 06We Think That There Are Some Issues For Zhejiang Hengda New MaterialLtd (SZSE:301469) Beyond Its Promising Earnings
Apr 29Financial Position Analysis
Short Term Liabilities: 301469's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥154.3M).
Long Term Liabilities: 301469's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥132.4M).
Debt to Equity History and Analysis
Debt Level: 301469 has more cash than its total debt.
Reducing Debt: 301469's debt to equity ratio has reduced from 79.3% to 11.5% over the past 5 years.
Debt Coverage: 301469's debt is well covered by operating cash flow (146.8%).
Interest Coverage: 301469 earns more interest than it pays, so coverage of interest payments is not a concern.