Zhengyuan Zhihui GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhengyuan Zhihui GroupLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥771.4M, which brings its debt-to-equity ratio to 58.8%. Its total assets and total liabilities are CN¥2.7B and CN¥1.3B respectively. Zhengyuan Zhihui GroupLtd's EBIT is CN¥61.8M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥270.1M.
Key information
58.8%
Debt to equity ratio
CN¥771.38m
Debt
Interest coverage ratio | 2.9x |
Cash | CN¥270.11m |
Equity | CN¥1.31b |
Total liabilities | CN¥1.34b |
Total assets | CN¥2.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300645's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥901.7M).
Long Term Liabilities: 300645's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥441.2M).
Debt to Equity History and Analysis
Debt Level: 300645's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: 300645's debt to equity ratio has increased from 54.9% to 58.8% over the past 5 years.
Debt Coverage: 300645's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: 300645's interest payments on its debt are not well covered by EBIT (2.9x coverage).