Zhejiang China Light&Textile Industrial City GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang China Light&Textile Industrial City GroupLtd has a total shareholder equity of CN¥6.2B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 50.9%. Its total assets and total liabilities are CN¥12.4B and CN¥6.2B respectively. Zhejiang China Light&Textile Industrial City GroupLtd's EBIT is CN¥167.2M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥2.6B.
Key information
50.9%
Debt to equity ratio
CN¥3.18b
Debt
| Interest coverage ratio | -1.4x |
| Cash | CN¥2.59b |
| Equity | CN¥6.25b |
| Total liabilities | CN¥6.16b |
| Total assets | CN¥12.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600790's short term assets (CN¥3.4B) do not cover its short term liabilities (CN¥3.7B).
Long Term Liabilities: 600790's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 600790's net debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: 600790's debt to equity ratio has increased from 0% to 50.9% over the past 5 years.
Debt Coverage: 600790's debt is not well covered by operating cash flow (2.6%).
Interest Coverage: 600790 earns more interest than it pays, so coverage of interest payments is not a concern.