Zhejiang Jindao Technology Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Jindao Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥19.0M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CN¥1.7B and CN¥349.0M respectively. Zhejiang Jindao Technology's EBIT is CN¥41.8M making its interest coverage ratio -240.7. It has cash and short-term investments of CN¥356.8M.
Key information
1.4%
Debt to equity ratio
CN¥19.00m
Debt
Interest coverage ratio | -240.7x |
Cash | CN¥356.77m |
Equity | CN¥1.33b |
Total liabilities | CN¥349.01m |
Total assets | CN¥1.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301279's short term assets (CN¥786.3M) exceed its short term liabilities (CN¥335.9M).
Long Term Liabilities: 301279's short term assets (CN¥786.3M) exceed its long term liabilities (CN¥13.1M).
Debt to Equity History and Analysis
Debt Level: 301279 has more cash than its total debt.
Reducing Debt: 301279's debt to equity ratio has reduced from 4.4% to 1.4% over the past 5 years.
Debt Coverage: 301279's debt is well covered by operating cash flow (773.2%).
Interest Coverage: 301279 earns more interest than it pays, so coverage of interest payments is not a concern.