Zhejiang China Light&Textile Industrial City GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang China Light&Textile Industrial City GroupLtd has a total shareholder equity of CN¥6.6B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are CN¥12.4B and CN¥5.8B respectively. Zhejiang China Light&Textile Industrial City GroupLtd's EBIT is CN¥164.3M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥1.5B.
Key information
36.7%
Debt to equity ratio
CN¥2.43b
Debt
| Interest coverage ratio | -1.8x |
| Cash | CN¥1.48b |
| Equity | CN¥6.63b |
| Total liabilities | CN¥5.77b |
| Total assets | CN¥12.40b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600790's short term assets (CN¥2.4B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 600790's short term assets (CN¥2.4B) do not cover its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 600790's net debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: 600790's debt to equity ratio has increased from 0% to 36.7% over the past 5 years.
Debt Coverage: 600790's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 600790 earns more interest than it pays, so coverage of interest payments is not a concern.