Zhejiang Rongsheng Environmental Protection Paper Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Rongsheng Environmental Protection Paper has a total shareholder equity of CN¥2.2B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 45%. Its total assets and total liabilities are CN¥3.6B and CN¥1.4B respectively. Zhejiang Rongsheng Environmental Protection Paper's EBIT is CN¥250.7M making its interest coverage ratio -15.4. It has cash and short-term investments of CN¥1.9B.
Key information
45.0%
Debt to equity ratio
CN¥1.00b
Debt
Interest coverage ratio | -15.4x |
Cash | CN¥1.86b |
Equity | CN¥2.23b |
Total liabilities | CN¥1.39b |
Total assets | CN¥3.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603165's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥877.2M).
Long Term Liabilities: 603165's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥517.0M).
Debt to Equity History and Analysis
Debt Level: 603165 has more cash than its total debt.
Reducing Debt: 603165's debt to equity ratio has increased from 0% to 45% over the past 5 years.
Debt Coverage: 603165's debt is well covered by operating cash flow (25%).
Interest Coverage: 603165 earns more interest than it pays, so coverage of interest payments is not a concern.