Zhejiang Huamei Holding Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Huamei Holding has a total shareholder equity of CN¥1.9B and total debt of CN¥696.3M, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are CN¥3.5B and CN¥1.6B respectively. Zhejiang Huamei Holding's EBIT is CN¥23.2M making its interest coverage ratio -1. It has cash and short-term investments of CN¥679.8M.
Key information
36.9%
Debt to equity ratio
CN¥696.28m
Debt
| Interest coverage ratio | -1x |
| Cash | CN¥679.84m |
| Equity | CN¥1.89b |
| Total liabilities | CN¥1.57b |
| Total assets | CN¥3.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000607's short term assets (CN¥1.2B) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 000607's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥313.1M).
Debt to Equity History and Analysis
Debt Level: 000607's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: 000607's debt to equity ratio has increased from 14.8% to 36.9% over the past 5 years.
Debt Coverage: 000607's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: 000607 earns more interest than it pays, so coverage of interest payments is not a concern.