Zhejiang Shengyang Science and TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Shengyang Science and TechnologyLtd has a total shareholder equity of CN¥866.9M and total debt of CN¥747.6M, which brings its debt-to-equity ratio to 86.2%. Its total assets and total liabilities are CN¥1.8B and CN¥976.5M respectively.
Key information
86.2%
Debt to equity ratio
CN¥747.62m
Debt
Interest coverage ratio | n/a |
Cash | CN¥383.29m |
Equity | CN¥866.85m |
Total liabilities | CN¥976.47m |
Total assets | CN¥1.84b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603703's short term assets (CN¥953.4M) exceed its short term liabilities (CN¥649.0M).
Long Term Liabilities: 603703's short term assets (CN¥953.4M) exceed its long term liabilities (CN¥327.5M).
Debt to Equity History and Analysis
Debt Level: 603703's net debt to equity ratio (42%) is considered high.
Reducing Debt: 603703's debt to equity ratio has reduced from 98.8% to 86.2% over the past 5 years.
Debt Coverage: 603703's debt is not well covered by operating cash flow (5%).
Interest Coverage: Insufficient data to determine if 603703's interest payments on its debt are well covered by EBIT.