Zhejiang Hengda New MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Hengda New MaterialLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥174.4M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are CN¥1.7B and CN¥273.0M respectively. Zhejiang Hengda New MaterialLtd's EBIT is CN¥89.8M making its interest coverage ratio -14.9. It has cash and short-term investments of CN¥508.9M.
Key information
12.6%
Debt to equity ratio
CN¥174.44m
Debt
Interest coverage ratio | -14.9x |
Cash | CN¥508.87m |
Equity | CN¥1.38b |
Total liabilities | CN¥272.98m |
Total assets | CN¥1.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301469's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥110.6M).
Long Term Liabilities: 301469's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥162.4M).
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 73.7% to 12.6% over the past 5 years.
Debt Coverage: 301469's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301469 earns more interest than it pays, so coverage of interest payments is not a concern.