Zhejiang Top Cloud-agri TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Top Cloud-agri TechnologyLtd has a total shareholder equity of CN¥587.0M and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥826.5M and CN¥239.5M respectively. Zhejiang Top Cloud-agri TechnologyLtd's EBIT is CN¥111.1M making its interest coverage ratio -10.1. It has cash and short-term investments of CN¥468.2M.
Key information
1.7%
Debt to equity ratio
CN¥10.00m
Debt
| Interest coverage ratio | -10.1x |
| Cash | CN¥468.16m |
| Equity | CN¥586.98m |
| Total liabilities | CN¥239.48m |
| Total assets | CN¥826.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301556's short term assets (CN¥599.9M) exceed its short term liabilities (CN¥223.1M).
Long Term Liabilities: 301556's short term assets (CN¥599.9M) exceed its long term liabilities (CN¥16.4M).
Debt to Equity History and Analysis
Debt Level: 301556 has more cash than its total debt.
Reducing Debt: 301556's debt to equity ratio has reduced from 7.1% to 1.7% over the past 5 years.
Debt Coverage: 301556's debt is well covered by operating cash flow (1171%).
Interest Coverage: 301556 earns more interest than it pays, so coverage of interest payments is not a concern.