Zhejiang Jingu Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Jingu has a total shareholder equity of CN¥4.1B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are CN¥7.8B and CN¥3.7B respectively.
Key information
66.7%
Debt to equity ratio
CN¥2.73b
Debt
Interest coverage ratio | n/a |
Cash | CN¥450.56m |
Equity | CN¥4.09b |
Total liabilities | CN¥3.70b |
Total assets | CN¥7.79b |
Financial Position Analysis
Short Term Liabilities: 002488's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002488's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 002488's net debt to equity ratio (55.6%) is considered high.
Reducing Debt: 002488's debt to equity ratio has increased from 42.5% to 66.7% over the past 5 years.
Debt Coverage: 002488's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: Insufficient data to determine if 002488's interest payments on its debt are well covered by EBIT.