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¥18.1B and total debt of CN¥9.0B, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are CN¥36.0B and CN¥17.9B respectively. Zhejiang China Commodities City Group's EBIT is CN¥2.7B making its interest coverage ratio -119.2. It has cash and short-term investments of CN¥991.3M.
Key information
50.0%
Debt to equity ratio
CN¥9.04b
Debt
| Interest coverage ratio | -119.2x |
| Cash | CN¥991.34m |
| Equity | CN¥18.10b |
| Total liabilities | CN¥17.92b |
| Total assets | CN¥36.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600415's short term assets (CN¥6.3B) do not cover its short term liabilities (CN¥14.6B).
Long Term Liabilities: 600415's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 600415's net debt to equity ratio (44.5%) is considered high.
Reducing Debt: 600415's debt to equity ratio has reduced from 92.5% to 50% over the past 5 years.
Debt Coverage: 600415's debt is well covered by operating cash flow (20.1%).
Interest Coverage: 600415 earns more interest than it pays, so coverage of interest payments is not a concern.