Zhejiang Wansheng Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Wansheng has a total shareholder equity of CN¥4.0B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are CN¥6.8B and CN¥2.7B respectively. Zhejiang Wansheng's EBIT is CN¥176.5M making its interest coverage ratio -12. It has cash and short-term investments of CN¥1.5B.
Key information
31.8%
Debt to equity ratio
CN¥1.28b
Debt
| Interest coverage ratio | -12x |
| Cash | CN¥1.49b |
| Equity | CN¥4.02b |
| Total liabilities | CN¥2.75b |
| Total assets | CN¥6.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603010's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603010's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603010 has more cash than its total debt.
Reducing Debt: 603010's debt to equity ratio has reduced from 43.1% to 31.8% over the past 5 years.
Debt Coverage: 603010's debt is well covered by operating cash flow (30.1%).
Interest Coverage: 603010 earns more interest than it pays, so coverage of interest payments is not a concern.