Jiangsu Guomao Reducer Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Guomao Reducer has a total shareholder equity of CN¥3.7B and total debt of CN¥2.5M, which brings its debt-to-equity ratio to 0.07%. Its total assets and total liabilities are CN¥4.9B and CN¥1.3B respectively. Jiangsu Guomao Reducer's EBIT is CN¥391.7M making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥1.8B.
Key information
0.07%
Debt to equity ratio
CN¥2.49m
Debt
Interest coverage ratio | -9.8x |
Cash | CN¥1.84b |
Equity | CN¥3.66b |
Total liabilities | CN¥1.25b |
Total assets | CN¥4.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603915's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603915's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥71.6M).
Debt to Equity History and Analysis
Debt Level: 603915 has more cash than its total debt.
Reducing Debt: 603915's debt to equity ratio has increased from 0% to 0.07% over the past 5 years.
Debt Coverage: 603915's debt is well covered by operating cash flow (20482.2%).
Interest Coverage: 603915 earns more interest than it pays, so coverage of interest payments is not a concern.