Zuoli Kechuang Micro-finance Balance Sheet Health
Financial Health criteria checks 5/6
Zuoli Kechuang Micro-finance has a total shareholder equity of CN¥2.0B and total debt of CN¥589.1M, which brings its debt-to-equity ratio to 28.9%. Its total assets and total liabilities are CN¥2.7B and CN¥654.1M respectively.
Key information
28.9%
Debt to equity ratio
CN¥589.12m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥42.44m |
| Equity | CN¥2.04b |
| Total liabilities | CN¥654.11m |
| Total assets | CN¥2.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6866's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥63.0M).
Long Term Liabilities: 6866's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥591.2M).
Debt to Equity History and Analysis
Debt Level: 6866's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: 6866's debt to equity ratio has reduced from 33.1% to 28.9% over the past 5 years.
Debt Coverage: 6866's debt is well covered by operating cash flow (48.4%).
Interest Coverage: Insufficient data to determine if 6866's interest payments on its debt are well covered by EBIT.