Zhejiang Shibao Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Shibao has a total shareholder equity of CN¥1.8B and total debt of CN¥198.1M, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are CN¥2.9B and CN¥1.1B respectively. Zhejiang Shibao's EBIT is CN¥95.7M making its interest coverage ratio 21.2. It has cash and short-term investments of CN¥584.5M.
Key information
10.8%
Debt to equity ratio
CN¥198.09m
Debt
Interest coverage ratio | 21.2x |
Cash | CN¥584.53m |
Equity | CN¥1.83b |
Total liabilities | CN¥1.05b |
Total assets | CN¥2.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1057's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥994.9M).
Long Term Liabilities: 1057's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥58.4M).
Debt to Equity History and Analysis
Debt Level: 1057 has more cash than its total debt.
Reducing Debt: 1057's debt to equity ratio has increased from 4% to 10.8% over the past 5 years.
Debt Coverage: 1057's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: 1057's interest payments on its debt are well covered by EBIT (21.2x coverage).