Zhejiang Publishing & Media Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Publishing & Media has a total shareholder equity of CN¥13.5B and total debt of CN¥20.5M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥22.8B and CN¥9.3B respectively. Zhejiang Publishing & Media's EBIT is CN¥894.7M making its interest coverage ratio -12.7. It has cash and short-term investments of CN¥12.5B.
Key information
0.2%
Debt to equity ratio
CN¥20.45m
Debt
Interest coverage ratio | -12.7x |
Cash | CN¥12.51b |
Equity | CN¥13.52b |
Total liabilities | CN¥9.27b |
Total assets | CN¥22.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601921's short term assets (CN¥17.4B) exceed its short term liabilities (CN¥8.8B).
Long Term Liabilities: 601921's short term assets (CN¥17.4B) exceed its long term liabilities (CN¥427.0M).
Debt to Equity History and Analysis
Debt Level: 601921 has more cash than its total debt.
Reducing Debt: 601921's debt to equity ratio has reduced from 0.6% to 0.2% over the past 5 years.
Debt Coverage: 601921's debt is well covered by operating cash flow (7189.5%).
Interest Coverage: 601921 earns more interest than it pays, so coverage of interest payments is not a concern.