Zhejiang Century Huatong GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Century Huatong GroupLtd has a total shareholder equity of CN¥26.7B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are CN¥35.5B and CN¥8.8B respectively. Zhejiang Century Huatong GroupLtd's EBIT is CN¥1.3B making its interest coverage ratio 4.5. It has cash and short-term investments of CN¥2.9B.
Key information
13.1%
Debt to equity ratio
CN¥3.49b
Debt
Interest coverage ratio | 4.5x |
Cash | CN¥2.95b |
Equity | CN¥26.69b |
Total liabilities | CN¥8.84b |
Total assets | CN¥35.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002602's short term assets (CN¥8.9B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 002602's short term assets (CN¥8.9B) exceed its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: 002602's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: 002602's debt to equity ratio has increased from 3.1% to 13.1% over the past 5 years.
Debt Coverage: 002602's debt is well covered by operating cash flow (72.3%).
Interest Coverage: 002602's interest payments on its debt are well covered by EBIT (4.5x coverage).