Zhonghang Electronic Measuring Instruments Co.,Ltd

XSEC:300114 Stock Report

Market Cap: CN¥47.5b

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
CashCN¥296.56m
EquityCN¥2.53b
Total liabilitiesCN¥1.60b
Total assetsCN¥4.14b

Recent financial health updates

No updates

Recent updates

Financial 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.


Balance Sheet


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