Zhejiang Dongwang Times Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Dongwang Times Technology has a total shareholder equity of CN¥3.0B and total debt of CN¥77.6M, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are CN¥3.5B and CN¥448.9M respectively. Zhejiang Dongwang Times Technology's EBIT is CN¥69.0M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥914.6M.
Key information
2.6%
Debt to equity ratio
CN¥77.65m
Debt
Interest coverage ratio | -0.8x |
Cash | CN¥914.57m |
Equity | CN¥3.04b |
Total liabilities | CN¥448.93m |
Total assets | CN¥3.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600052's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥195.3M).
Long Term Liabilities: 600052's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥253.7M).
Debt to Equity History and Analysis
Debt Level: 600052 has more cash than its total debt.
Reducing Debt: 600052's debt to equity ratio has reduced from 3.3% to 2.6% over the past 5 years.
Debt Coverage: 600052's debt is well covered by operating cash flow (259.9%).
Interest Coverage: 600052 earns more interest than it pays, so coverage of interest payments is not a concern.