Zhejiang ZUCH Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang ZUCH Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥28.1M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥2.3B and CN¥577.3M respectively. Zhejiang ZUCH Technology's EBIT is CN¥177.8M making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥855.5M.
Key information
1.6%
Debt to equity ratio
CN¥28.10m
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥855.52m |
| Equity | CN¥1.74b |
| Total liabilities | CN¥577.35m |
| Total assets | CN¥2.31b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301280's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥558.2M).
Long Term Liabilities: 301280's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥19.2M).
Debt to Equity History and Analysis
Debt Level: 301280 has more cash than its total debt.
Reducing Debt: 301280's debt to equity ratio has reduced from 33.5% to 1.6% over the past 5 years.
Debt Coverage: 301280's debt is well covered by operating cash flow (252.5%).
Interest Coverage: 301280 earns more interest than it pays, so coverage of interest payments is not a concern.