Zhejiang Hengtong HoldingLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Hengtong HoldingLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥326.5M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CN¥4.4B and CN¥957.0M respectively. Zhejiang Hengtong HoldingLtd's EBIT is CN¥35.5M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥807.9M.
Key information
9.6%
Debt to equity ratio
CN¥326.48m
Debt
| Interest coverage ratio | -0.2x |
| Cash | CN¥807.95m |
| Equity | CN¥3.41b |
| Total liabilities | CN¥957.01m |
| Total assets | CN¥4.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600226's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥545.9M).
Long Term Liabilities: 600226's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥411.1M).
Debt to Equity History and Analysis
Debt Level: 600226 has more cash than its total debt.
Reducing Debt: 600226's debt to equity ratio has increased from 8.3% to 9.6% over the past 5 years.
Debt Coverage: 600226's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600226 earns more interest than it pays, so coverage of interest payments is not a concern.