Zhejiang Yongtai TechnologyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Zhejiang Yongtai TechnologyLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 126.7%. Its total assets and total liabilities are CN¥11.4B and CN¥8.0B respectively.
Key information
126.7%
Debt to equity ratio
CN¥4.33b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥913.68m |
| Equity | CN¥3.42b |
| Total liabilities | CN¥7.98b |
| Total assets | CN¥11.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: Y83's short term assets (CN¥3.8B) do not cover its short term liabilities (CN¥6.2B).
Long Term Liabilities: Y83's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: Y83's net debt to equity ratio (100%) is considered high.
Reducing Debt: Y83's debt to equity ratio has increased from 60.8% to 126.7% over the past 5 years.
Debt Coverage: Y83's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if Y83's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/10/22 10:21 |
| End of Day Share Price | 2024/07/25 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Yongtai Technology Co.,Ltd. is covered by 10 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Linlin Li | Central China Securities Co., Ltd. |
| Jun Liu | Changjiang Securities Co. LTD. |
| Zheng Gao | China International Capital Corporation Limited |