Jiangnan Mould & Plastic Technology Balance Sheet Health
Financial Health criteria checks 5/6
Jiangnan Mould & Plastic Technology has a total shareholder equity of CN¥3.7B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 72.1%. Its total assets and total liabilities are CN¥9.2B and CN¥5.6B respectively. Jiangnan Mould & Plastic Technology's EBIT is CN¥533.7M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥2.0B.
Key information
72.1%
Debt to equity ratio
CN¥2.64b
Debt
Interest coverage ratio | -2.2x |
Cash | CN¥2.03b |
Equity | CN¥3.67b |
Total liabilities | CN¥5.57b |
Total assets | CN¥9.23b |
Financial Position Analysis
Short Term Liabilities: 000700's short term assets (CN¥5.1B) do not cover its short term liabilities (CN¥5.3B).
Long Term Liabilities: 000700's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥244.2M).
Debt to Equity History and Analysis
Debt Level: 000700's net debt to equity ratio (16.7%) is considered satisfactory.
Reducing Debt: 000700's debt to equity ratio has reduced from 138.5% to 72.1% over the past 5 years.
Debt Coverage: 000700's debt is well covered by operating cash flow (43.7%).
Interest Coverage: 000700 earns more interest than it pays, so coverage of interest payments is not a concern.