Zhejiang Hailide New MaterialLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Hailide New MaterialLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 65.3%. Its total assets and total liabilities are CN¥7.1B and CN¥3.4B respectively. Zhejiang Hailide New MaterialLtd's EBIT is CN¥444.4M making its interest coverage ratio 15.6. It has cash and short-term investments of CN¥1.2B.
Key information
65.3%
Debt to equity ratio
CN¥2.41b
Debt
| Interest coverage ratio | 15.6x |
| Cash | CN¥1.24b |
| Equity | CN¥3.70b |
| Total liabilities | CN¥3.38b |
| Total assets | CN¥7.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002206's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 002206's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥212.2M).
Debt to Equity History and Analysis
Debt Level: 002206's net debt to equity ratio (31.9%) is considered satisfactory.
Reducing Debt: 002206's debt to equity ratio has increased from 44.5% to 65.3% over the past 5 years.
Debt Coverage: 002206's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 002206's interest payments on its debt are well covered by EBIT (15.6x coverage).