Zhonghang Electronic Measuring InstrumentsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhonghang Electronic Measuring InstrumentsLtd has a total shareholder equity of CN¥2.5B and total debt of CN¥635.4M, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are CN¥4.1B and CN¥1.6B respectively. Zhonghang Electronic Measuring InstrumentsLtd's EBIT is CN¥65.1M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥296.6M.
Key information
25.1%
Debt to equity ratio
CN¥635.35m
Debt
| Interest coverage ratio | -5.4x |
| Cash | CN¥296.56m |
| Equity | CN¥2.53b |
| Total liabilities | CN¥1.60b |
| Total assets | CN¥4.14b |
Recent financial health updates
Recent updates
There's Reason For Concern Over Zhonghang Electronic Measuring Instruments Co.,Ltd's (SZSE:300114) Massive 26% Price Jump
Sep 30
Zhonghang Electronic Measuring InstrumentsLtd (SZSE:300114) Takes On Some Risk With Its Use Of Debt
Sep 23Zhonghang Electronic Measuring Instruments Co.,Ltd's (SZSE:300114) Business Is Yet to Catch Up With Its Share Price
Jun 20We Think That There Are Some Issues For Zhonghang Electronic Measuring InstrumentsLtd (SZSE:300114) Beyond Its Promising Earnings
May 02Financial Position Analysis
Short Term Liabilities: 300114's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 300114's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥563.5M).
Debt to Equity History and Analysis
Debt Level: 300114's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 300114's debt to equity ratio has increased from 0% to 25.1% over the past 5 years.
Debt Coverage: 300114's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300114 earns more interest than it pays, so coverage of interest payments is not a concern.