Zhejiang Jingu Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Jingu has a total shareholder equity of CN¥4.2B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 73.3%. Its total assets and total liabilities are CN¥8.2B and CN¥4.0B respectively. Zhejiang Jingu's EBIT is CN¥90.5M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥508.6M.
Key information
73.3%
Debt to equity ratio
CN¥3.06b
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥508.61m |
Equity | CN¥4.18b |
Total liabilities | CN¥3.98b |
Total assets | CN¥8.16b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002488's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 002488's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 002488's net debt to equity ratio (61.1%) is considered high.
Reducing Debt: 002488's debt to equity ratio has increased from 62.5% to 73.3% over the past 5 years.
Debt Coverage: 002488's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002488's interest payments on its debt are not well covered by EBIT (1.7x coverage).