Jiangsu Zhongchao Holding Balance Sheet Health
Financial Health criteria checks 3/6
Jiangsu Zhongchao Holding has a total shareholder equity of CN¥1.7B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 110%. Its total assets and total liabilities are CN¥5.3B and CN¥3.6B respectively. Jiangsu Zhongchao Holding's EBIT is CN¥60.2M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥601.8M.
Key information
110.0%
Debt to equity ratio
CN¥1.87b
Debt
Interest coverage ratio | 0.7x |
Cash | CN¥601.76m |
Equity | CN¥1.70b |
Total liabilities | CN¥3.60b |
Total assets | CN¥5.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002471's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 002471's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥92.5M).
Debt to Equity History and Analysis
Debt Level: 002471's net debt to equity ratio (74.5%) is considered high.
Reducing Debt: 002471's debt to equity ratio has reduced from 120.1% to 110% over the past 5 years.
Debt Coverage: 002471's debt is not well covered by operating cash flow (13.2%).
Interest Coverage: 002471's interest payments on its debt are not well covered by EBIT (0.7x coverage).