Zhejiang Jianfeng Group Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jianfeng Group has a total shareholder equity of CN¥5.5B and total debt of CN¥579.8M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are CN¥7.1B and CN¥1.6B respectively. Zhejiang Jianfeng Group's EBIT is CN¥61.4M making its interest coverage ratio -3.2. It has cash and short-term investments of CN¥184.6M.
Key information
10.6%
Debt to equity ratio
CN¥579.81m
Debt
Interest coverage ratio | -3.2x |
Cash | CN¥184.56m |
Equity | CN¥5.45b |
Total liabilities | CN¥1.63b |
Total assets | CN¥7.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600668's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 600668's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥513.2M).
Debt to Equity History and Analysis
Debt Level: 600668's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 600668's debt to equity ratio has reduced from 15.9% to 10.6% over the past 5 years.
Debt Coverage: 600668's debt is not well covered by operating cash flow (6.9%).
Interest Coverage: 600668 earns more interest than it pays, so coverage of interest payments is not a concern.