Zhejiang Huamei Holding Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Huamei Holding has a total shareholder equity of CN¥1.9B and total debt of CN¥765.9M, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are CN¥3.9B and CN¥2.0B respectively. Zhejiang Huamei Holding's EBIT is CN¥8.3M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥1.2B.
Key information
40.0%
Debt to equity ratio
CN¥765.91m
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥1.20b |
Equity | CN¥1.91b |
Total liabilities | CN¥2.03b |
Total assets | CN¥3.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000607's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥1.7B).
Long Term Liabilities: 000607's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥341.6M).
Debt to Equity History and Analysis
Debt Level: 000607 has more cash than its total debt.
Reducing Debt: 000607's debt to equity ratio has increased from 14.5% to 40% over the past 5 years.
Debt Coverage: 000607's debt is well covered by operating cash flow (35.5%).
Interest Coverage: 000607 earns more interest than it pays, so coverage of interest payments is not a concern.