Jingwei Textile Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Jingwei Textile Machinery has a total shareholder equity of CN¥24.9B and total debt of CN¥6.5B, which brings its debt-to-equity ratio to 26%. Its total assets and total liabilities are CN¥39.3B and CN¥14.4B respectively. Jingwei Textile Machinery's EBIT is CN¥1.9B making its interest coverage ratio 713.6. It has cash and short-term investments of CN¥21.7B.
Key information
26.0%
Debt to equity ratio
CN¥6.47b
Debt
| Interest coverage ratio | 713.6x |
| Cash | CN¥21.74b |
| Equity | CN¥24.88b |
| Total liabilities | CN¥14.37b |
| Total assets | CN¥39.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000666's short term assets (CN¥25.9B) exceed its short term liabilities (CN¥12.6B).
Long Term Liabilities: 000666's short term assets (CN¥25.9B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 000666 has more cash than its total debt.
Reducing Debt: 000666's debt to equity ratio has reduced from 59.3% to 26% over the past 5 years.
Debt Coverage: 000666's debt is well covered by operating cash flow (29.5%).
Interest Coverage: 000666's interest payments on its debt are well covered by EBIT (713.6x coverage).