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¥20.9B, which brings its debt-to-equity ratio to 122.9%. Its total assets and total liabilities are CN¥43.9B and CN¥26.9B respectively. Zhe Jiang Hai Liang's EBIT is CN¥1.8B making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥6.8B.
Key information
122.9%
Debt to equity ratio
CN¥20.92b
Debt
Interest coverage ratio | 6.5x |
Cash | CN¥6.79b |
Equity | CN¥17.03b |
Total liabilities | CN¥26.88b |
Total assets | CN¥43.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002203's short term assets (CN¥25.8B) exceed its short term liabilities (CN¥18.5B).
Long Term Liabilities: 002203's short term assets (CN¥25.8B) exceed its long term liabilities (CN¥8.4B).
Debt to Equity History and Analysis
Debt Level: 002203's net debt to equity ratio (83%) is considered high.
Reducing Debt: 002203's debt to equity ratio has increased from 87% to 122.9% over the past 5 years.
Debt Coverage: 002203's debt is not well covered by operating cash flow (1.3%).
Interest Coverage: 002203's interest payments on its debt are well covered by EBIT (6.5x coverage).