JDM JingDaMachine (Ningbo)Ltd Balance Sheet Health
Financial Health criteria checks 5/6
JDM JingDaMachine (Ningbo)Ltd has a total shareholder equity of CN¥791.3M and total debt of CN¥64.2K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥1.5B and CN¥659.8M respectively. JDM JingDaMachine (Ningbo)Ltd's EBIT is CN¥170.6M making its interest coverage ratio -10.7. It has cash and short-term investments of CN¥408.3M.
Key information
0.008%
Debt to equity ratio
CN¥64.24k
Debt
Interest coverage ratio | -10.7x |
Cash | CN¥408.31m |
Equity | CN¥791.33m |
Total liabilities | CN¥659.81m |
Total assets | CN¥1.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603088's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥650.2M).
Long Term Liabilities: 603088's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥9.7M).
Debt to Equity History and Analysis
Debt Level: 603088 has more cash than its total debt.
Reducing Debt: 603088's debt to equity ratio has increased from 0% to 0.01% over the past 5 years.
Debt Coverage: 603088's debt is well covered by operating cash flow (230195.9%).
Interest Coverage: 603088 earns more interest than it pays, so coverage of interest payments is not a concern.