Zhejiang Benli Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Benli Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥11.0M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥1.5B and CN¥204.9M respectively. Zhejiang Benli Technology's EBIT is CN¥51.8M making its interest coverage ratio -3.9. It has cash and short-term investments of CN¥593.2M.
Key information
0.9%
Debt to equity ratio
CN¥11.00m
Debt
Interest coverage ratio | -3.9x |
Cash | CN¥593.17m |
Equity | CN¥1.27b |
Total liabilities | CN¥204.87m |
Total assets | CN¥1.47b |
Financial Position Analysis
Short Term Liabilities: 301065's short term assets (CN¥859.6M) exceed its short term liabilities (CN¥166.2M).
Long Term Liabilities: 301065's short term assets (CN¥859.6M) exceed its long term liabilities (CN¥38.7M).
Debt to Equity History and Analysis
Debt Level: 301065 has more cash than its total debt.
Reducing Debt: 301065's debt to equity ratio has reduced from 6.1% to 0.9% over the past 5 years.
Debt Coverage: 301065's debt is well covered by operating cash flow (1408.3%).
Interest Coverage: 301065 earns more interest than it pays, so coverage of interest payments is not a concern.