Zhejiang Shuangyuan Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Shuangyuan Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥51.1M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CN¥2.8B and CN¥591.3M respectively. Zhejiang Shuangyuan Technology's EBIT is CN¥118.0M making its interest coverage ratio -22.6. It has cash and short-term investments of CN¥1.7B.
Key information
2.3%
Debt to equity ratio
CN¥51.14m
Debt
Interest coverage ratio | -22.6x |
Cash | CN¥1.70b |
Equity | CN¥2.20b |
Total liabilities | CN¥591.33m |
Total assets | CN¥2.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688623's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥535.4M).
Long Term Liabilities: 688623's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥55.9M).
Debt to Equity History and Analysis
Debt Level: 688623 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688623's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688623's debt is well covered by operating cash flow (103.2%).
Interest Coverage: 688623 earns more interest than it pays, so coverage of interest payments is not a concern.