Zhejiang Whyis TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Whyis TechnologyLtd has a total shareholder equity of CN¥962.2M and total debt of CN¥47.7M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are CN¥1.4B and CN¥464.9M respectively. Zhejiang Whyis TechnologyLtd's EBIT is CN¥20.4M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥594.4M.
Key information
5.0%
Debt to equity ratio
CN¥47.69m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥594.42m |
| Equity | CN¥962.24m |
| Total liabilities | CN¥464.90m |
| Total assets | CN¥1.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301218's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥416.2M).
Long Term Liabilities: 301218's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥48.7M).
Debt to Equity History and Analysis
Debt Level: 301218 has more cash than its total debt.
Reducing Debt: 301218's debt to equity ratio has increased from 2.2% to 5% over the past 5 years.
Debt Coverage: 301218's debt is well covered by operating cash flow (117.4%).
Interest Coverage: 301218 earns more interest than it pays, so coverage of interest payments is not a concern.