Jinlihua Electric Balance Sheet Health
Financial Health criteria checks 6/6
Jinlihua Electric has a total shareholder equity of CN¥255.0M and total debt of CN¥55.6M, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are CN¥380.8M and CN¥125.8M respectively. Jinlihua Electric's EBIT is CN¥1.8M making its interest coverage ratio -33.2. It has cash and short-term investments of CN¥67.7M.
Key information
21.8%
Debt to equity ratio
CN¥55.58m
Debt
Interest coverage ratio | -33.2x |
Cash | CN¥67.72m |
Equity | CN¥254.97m |
Total liabilities | CN¥125.78m |
Total assets | CN¥380.75m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300069's short term assets (CN¥177.5M) exceed its short term liabilities (CN¥73.7M).
Long Term Liabilities: 300069's short term assets (CN¥177.5M) exceed its long term liabilities (CN¥52.1M).
Debt to Equity History and Analysis
Debt Level: 300069 has more cash than its total debt.
Reducing Debt: 300069's debt to equity ratio has reduced from 33.7% to 21.8% over the past 5 years.
Debt Coverage: 300069's debt is well covered by operating cash flow (87.8%).
Interest Coverage: 300069 earns more interest than it pays, so coverage of interest payments is not a concern.