Zhe Jiang KangshengLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhe Jiang KangshengLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥391.6M, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are CN¥2.6B and CN¥1.0B respectively. Zhe Jiang KangshengLtd's EBIT is CN¥43.8M making its interest coverage ratio 2. It has cash and short-term investments of CN¥96.8M.
Key information
25.8%
Debt to equity ratio
CN¥391.56m
Debt
Interest coverage ratio | 2x |
Cash | CN¥96.79m |
Equity | CN¥1.52b |
Total liabilities | CN¥1.04b |
Total assets | CN¥2.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002418's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥881.6M).
Long Term Liabilities: 002418's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥162.5M).
Debt to Equity History and Analysis
Debt Level: 002418's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: 002418's debt to equity ratio has reduced from 207.4% to 25.8% over the past 5 years.
Debt Coverage: 002418's debt is well covered by operating cash flow (42%).
Interest Coverage: 002418's interest payments on its debt are not well covered by EBIT (2x coverage).