Zhejiang Hengtong HoldingLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Hengtong HoldingLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥419.8M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are CN¥4.6B and CN¥967.2M respectively. Zhejiang Hengtong HoldingLtd's EBIT is CN¥55.7M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥972.4M.
Key information
11.6%
Debt to equity ratio
CN¥419.81m
Debt
| Interest coverage ratio | -0.3x |
| Cash | CN¥972.37m |
| Equity | CN¥3.63b |
| Total liabilities | CN¥967.25m |
| Total assets | CN¥4.60b |
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¥593.1M).
Long Term Liabilities: 600226's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥374.1M).
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 8.8% to 11.6% 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.