Zhejiang Zhongcheng Packing Material Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Zhongcheng Packing Material has a total shareholder equity of CN¥2.3B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are CN¥3.6B and CN¥1.3B respectively. Zhejiang Zhongcheng Packing Material's EBIT is CN¥78.2M making its interest coverage ratio 15.3. It has cash and short-term investments of CN¥825.9M.
Key information
44.8%
Debt to equity ratio
CN¥1.04b
Debt
Interest coverage ratio | 15.3x |
Cash | CN¥825.90m |
Equity | CN¥2.31b |
Total liabilities | CN¥1.32b |
Total assets | CN¥3.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002522's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002522's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥275.3M).
Debt to Equity History and Analysis
Debt Level: 002522's net debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: 002522's debt to equity ratio has increased from 31.5% to 44.8% over the past 5 years.
Debt Coverage: 002522's debt is well covered by operating cash flow (21.2%).
Interest Coverage: 002522's interest payments on its debt are well covered by EBIT (15.3x coverage).