J.S. Corrugating Machinery Balance Sheet Health
Financial Health criteria checks 4/6
J.S. Corrugating Machinery has a total shareholder equity of CN¥4.2B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are CN¥14.9B and CN¥10.7B respectively. J.S. Corrugating Machinery's EBIT is CN¥597.5M making its interest coverage ratio -18.7. It has cash and short-term investments of CN¥2.3B.
Key information
31.8%
Debt to equity ratio
CN¥1.34b
Debt
| Interest coverage ratio | -18.7x |
| Cash | CN¥2.32b |
| Equity | CN¥4.22b |
| Total liabilities | CN¥10.67b |
| Total assets | CN¥14.89b |
Recent financial health updates
Does J.S. Corrugating Machinery (SZSE:000821) Have A Healthy Balance Sheet?
Aug 21
J.S. Corrugating Machinery (SZSE:000821) Seems To Use Debt Quite Sensibly
Feb 27Recent updates
The Market Lifts J.S. Corrugating Machinery Co., Ltd. (SZSE:000821) Shares 36% But It Can Do More
Oct 08J.S. Corrugating Machinery (SZSE:000821) Is Doing The Right Things To Multiply Its Share Price
Sep 27J.S. Corrugating Machinery's (SZSE:000821) Soft Earnings Are Actually Better Than They Appear
Sep 02Does J.S. Corrugating Machinery (SZSE:000821) Have A Healthy Balance Sheet?
Aug 21Investors Aren't Entirely Convinced By J.S. Corrugating Machinery Co., Ltd.'s (SZSE:000821) Earnings
Jun 25There's Been No Shortage Of Growth Recently For J.S. Corrugating Machinery's (SZSE:000821) Returns On Capital
Mar 25J.S. Corrugating Machinery Co., Ltd.'s (SZSE:000821) Shares Bounce 33% But Its Business Still Trails The Market
Mar 06J.S. Corrugating Machinery (SZSE:000821) Seems To Use Debt Quite Sensibly
Feb 27Financial Position Analysis
Short Term Liabilities: 000821's short term assets (CN¥12.5B) exceed its short term liabilities (CN¥10.0B).
Long Term Liabilities: 000821's short term assets (CN¥12.5B) exceed its long term liabilities (CN¥679.5M).
Debt to Equity History and Analysis
Debt Level: 000821 has more cash than its total debt.
Reducing Debt: 000821's debt to equity ratio has increased from 23.8% to 31.8% over the past 5 years.
Debt Coverage: 000821's debt is not well covered by operating cash flow (19%).
Interest Coverage: 000821 earns more interest than it pays, so coverage of interest payments is not a concern.