Zhejiang Tailin BioEngineeringLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Tailin BioEngineeringLtd has a total shareholder equity of CN¥655.8M and total debt of CN¥160.8M, which brings its debt-to-equity ratio to 24.5%. Its total assets and total liabilities are CN¥943.9M and CN¥288.0M respectively. Zhejiang Tailin BioEngineeringLtd's EBIT is CN¥3.9M making its interest coverage ratio -0.4. It has cash and short-term investments of CN¥381.3M.
Key information
24.5%
Debt to equity ratio
CN¥160.81m
Debt
| Interest coverage ratio | -0.4x |
| Cash | CN¥381.30m |
| Equity | CN¥655.84m |
| Total liabilities | CN¥288.05m |
| Total assets | CN¥943.88m |
Financial Position Analysis
Short Term Liabilities: 300813's short term assets (CN¥610.6M) exceed its short term liabilities (CN¥123.4M).
Long Term Liabilities: 300813's short term assets (CN¥610.6M) exceed its long term liabilities (CN¥164.7M).
Debt to Equity History and Analysis
Debt Level: 300813 has more cash than its total debt.
Reducing Debt: 300813's debt to equity ratio has increased from 0% to 24.5% over the past 5 years.
Debt Coverage: 300813's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: 300813 earns more interest than it pays, so coverage of interest payments is not a concern.