Zhejiang Oceanking Development Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Oceanking Development has a total shareholder equity of CN¥1.9B and total debt of CN¥701.8M, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are CN¥3.3B and CN¥1.4B respectively. Zhejiang Oceanking Development's EBIT is CN¥309.0M making its interest coverage ratio 39. It has cash and short-term investments of CN¥159.1M.
Key information
36.9%
Debt to equity ratio
CN¥701.80m
Debt
| Interest coverage ratio | 39x |
| Cash | CN¥159.13m |
| Equity | CN¥1.90b |
| Total liabilities | CN¥1.39b |
| Total assets | CN¥3.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603213's short term assets (CN¥837.8M) exceed its short term liabilities (CN¥600.0M).
Long Term Liabilities: 603213's short term assets (CN¥837.8M) exceed its long term liabilities (CN¥786.8M).
Debt to Equity History and Analysis
Debt Level: 603213's net debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: 603213's debt to equity ratio has increased from 10.2% to 36.9% over the past 5 years.
Debt Coverage: 603213's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603213's interest payments on its debt are well covered by EBIT (39x coverage).