Zhejiang Wazam New MaterialsLTD Balance Sheet Health
Financial Health criteria checks 1/6
Zhejiang Wazam New MaterialsLTD has a total shareholder equity of CN¥1.6B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 154.7%. Its total assets and total liabilities are CN¥6.1B and CN¥4.5B respectively.
Key information
154.7%
Debt to equity ratio
CN¥2.47b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥588.69m |
| Equity | CN¥1.60b |
| Total liabilities | CN¥4.53b |
| Total assets | CN¥6.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603186's short term assets (CN¥2.9B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 603186's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 603186's net debt to equity ratio (117.8%) is considered high.
Reducing Debt: 603186's debt to equity ratio has increased from 109.3% to 154.7% over the past 5 years.
Debt Coverage: 603186's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: Insufficient data to determine if 603186's interest payments on its debt are well covered by EBIT.