Zhe Jiang Hai Liang Balance Sheet Health
Financial Health criteria checks 3/6
Zhe Jiang Hai Liang has a total shareholder equity of CN¥17.0B and total debt of CN¥22.8B, which brings its debt-to-equity ratio to 134.2%. Its total assets and total liabilities are CN¥44.9B and CN¥27.9B respectively. Zhe Jiang Hai Liang's EBIT is CN¥1.1B making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥6.1B.
Key information
134.2%
Debt to equity ratio
CN¥22.82b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥6.07b |
| Equity | CN¥17.00b |
| Total liabilities | CN¥27.88b |
| Total assets | CN¥44.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002203's short term assets (CN¥26.8B) exceed its short term liabilities (CN¥18.7B).
Long Term Liabilities: 002203's short term assets (CN¥26.8B) exceed its long term liabilities (CN¥9.2B).
Debt to Equity History and Analysis
Debt Level: 002203's net debt to equity ratio (98.6%) is considered high.
Reducing Debt: 002203's debt to equity ratio has increased from 82.4% to 134.2% over the past 5 years.
Debt Coverage: 002203's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002203's interest payments on its debt are well covered by EBIT (3.5x coverage).