Zhejiang Fuchunjiang Environmental ThermoelectricLTD Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Fuchunjiang Environmental ThermoelectricLTD has a total shareholder equity of CN¥4.3B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are CN¥8.6B and CN¥4.3B respectively. Zhejiang Fuchunjiang Environmental ThermoelectricLTD's EBIT is CN¥389.2M making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥707.2M.
Key information
65.2%
Debt to equity ratio
CN¥2.79b
Debt
Interest coverage ratio | 4.6x |
Cash | CN¥707.23m |
Equity | CN¥4.28b |
Total liabilities | CN¥4.32b |
Total assets | CN¥8.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002479's short term assets (CN¥2.5B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 002479's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002479's net debt to equity ratio (48.7%) is considered high.
Reducing Debt: 002479's debt to equity ratio has increased from 32.2% to 65.2% over the past 5 years.
Debt Coverage: 002479's debt is well covered by operating cash flow (26.1%).
Interest Coverage: 002479's interest payments on its debt are well covered by EBIT (4.6x coverage).