Jiangyin Hengrun Heavy Industries Balance Sheet Health
Financial Health criteria checks 3/6
Jiangyin Hengrun Heavy Industries has a total shareholder equity of CN¥3.3B and total debt of CN¥872.0M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are CN¥4.8B and CN¥1.5B respectively.
Key information
26.1%
Debt to equity ratio
CN¥872.01m
Debt
Interest coverage ratio | n/a |
Cash | CN¥696.71m |
Equity | CN¥3.34b |
Total liabilities | CN¥1.47b |
Total assets | CN¥4.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603985's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603985's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥54.3M).
Debt to Equity History and Analysis
Debt Level: 603985's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: 603985's debt to equity ratio has increased from 22.3% to 26.1% over the past 5 years.
Debt Coverage: 603985's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 603985's interest payments on its debt are well covered by EBIT.