Zhejiang China Commodities City Group Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang China Commodities City Group has a total shareholder equity of CN¥19.8B and total debt of CN¥8.3B, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are CN¥35.9B and CN¥16.1B respectively. Zhejiang China Commodities City Group's EBIT is CN¥3.3B making its interest coverage ratio -34. It has cash and short-term investments of CN¥1.8B.
Key information
42.1%
Debt to equity ratio
CN¥8.35b
Debt
| Interest coverage ratio | -34x |
| Cash | CN¥1.79b |
| Equity | CN¥19.82b |
| Total liabilities | CN¥16.07b |
| Total assets | CN¥35.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600415's short term assets (CN¥6.7B) do not cover its short term liabilities (CN¥14.7B).
Long Term Liabilities: 600415's short term assets (CN¥6.7B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 600415's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: 600415's debt to equity ratio has reduced from 99.1% to 42.1% over the past 5 years.
Debt Coverage: 600415's debt is well covered by operating cash flow (23.1%).
Interest Coverage: 600415 earns more interest than it pays, so coverage of interest payments is not a concern.