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¥846.4M, which brings its debt-to-equity ratio to 37.3%. Its total assets and total liabilities are CN¥3.4B and CN¥1.1B respectively. Zhejiang Zhongcheng Packing Material's EBIT is CN¥14.2M making its interest coverage ratio 4.2. It has cash and short-term investments of CN¥569.7M.
Key information
37.3%
Debt to equity ratio
CN¥846.35m
Debt
| Interest coverage ratio | 4.2x |
| Cash | CN¥569.65m |
| Equity | CN¥2.27b |
| Total liabilities | CN¥1.13b |
| Total assets | CN¥3.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002522's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥855.5M).
Long Term Liabilities: 002522's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥272.8M).
Debt to Equity History and Analysis
Debt Level: 002522's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: 002522's debt to equity ratio has increased from 33.3% to 37.3% over the past 5 years.
Debt Coverage: 002522's debt is well covered by operating cash flow (22.3%).
Interest Coverage: 002522's interest payments on its debt are well covered by EBIT (4.2x coverage).