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 72.7%. Its total assets and total liabilities are CN¥8.2B and CN¥4.0B respectively. Zhejiang Jingu's EBIT is CN¥109.8M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥315.3M.
Key information
72.7%
Debt to equity ratio
CN¥3.06b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CN¥315.25m |
| Equity | CN¥4.21b |
| Total liabilities | CN¥3.97b |
| Total assets | CN¥8.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002488's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002488's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 002488's net debt to equity ratio (65.2%) is considered high.
Reducing Debt: 002488's debt to equity ratio has increased from 61.1% to 72.7% 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 (2.2x coverage).