Gem-Year IndustrialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Gem-Year IndustrialLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥70.7M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are CN¥5.1B and CN¥1.1B respectively.
Key information
1.8%
Debt to equity ratio
CN¥70.70m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥379.13m |
| Equity | CN¥4.04b |
| Total liabilities | CN¥1.08b |
| Total assets | CN¥5.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601002's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥982.2M).
Long Term Liabilities: 601002's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥99.5M).
Debt to Equity History and Analysis
Debt Level: 601002 has more cash than its total debt.
Reducing Debt: 601002's debt to equity ratio has reduced from 27.6% to 1.8% over the past 5 years.
Debt Coverage: 601002's debt is well covered by operating cash flow (396.9%).
Interest Coverage: Insufficient data to determine if 601002's interest payments on its debt are well covered by EBIT.