Zhonghang Electronic Measuring InstrumentsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhonghang Electronic Measuring InstrumentsLtd has a total shareholder equity of CN¥2.4B and total debt of CN¥475.1M, which brings its debt-to-equity ratio to 19.4%. Its total assets and total liabilities are CN¥3.9B and CN¥1.5B respectively. Zhonghang Electronic Measuring InstrumentsLtd's EBIT is CN¥52.4M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥311.3M.
Key information
19.4%
Debt to equity ratio
CN¥475.05m
Debt
Interest coverage ratio | -2.7x |
Cash | CN¥311.30m |
Equity | CN¥2.45b |
Total liabilities | CN¥1.49b |
Total assets | CN¥3.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300114's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300114's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥422.9M).
Debt to Equity History and Analysis
Debt Level: 300114's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: 300114's debt to equity ratio has increased from 0% to 19.4% over the past 5 years.
Debt Coverage: 300114's debt is well covered by operating cash flow (36.1%).
Interest Coverage: 300114 earns more interest than it pays, so coverage of interest payments is not a concern.