Zhejiang China Commodities City Group Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang China Commodities City Group has a total shareholder equity of CN¥18.5B and total debt of CN¥9.0B, which brings its debt-to-equity ratio to 49%. Its total assets and total liabilities are CN¥36.1B and CN¥17.7B respectively. Zhejiang China Commodities City Group's EBIT is CN¥2.4B making its interest coverage ratio -11.8. It has cash and short-term investments of CN¥1.3B.
Key information
49.0%
Debt to equity ratio
CN¥9.04b
Debt
Interest coverage ratio | -11.8x |
Cash | CN¥1.28b |
Equity | CN¥18.45b |
Total liabilities | CN¥17.68b |
Total assets | CN¥36.13b |
Financial Position Analysis
Short Term Liabilities: 600415's short term assets (CN¥6.1B) do not cover its short term liabilities (CN¥14.3B).
Long Term Liabilities: 600415's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 600415's net debt to equity ratio (42.1%) is considered high.
Reducing Debt: 600415's debt to equity ratio has reduced from 67.6% to 49% over the past 5 years.
Debt Coverage: 600415's debt is well covered by operating cash flow (25.8%).
Interest Coverage: 600415 earns more interest than it pays, so coverage of interest payments is not a concern.