Jianglong Shipbuilding Balance Sheet Health
Financial Health criteria checks 5/6
Jianglong Shipbuilding has a total shareholder equity of CN¥835.3M and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥2.2B and CN¥1.4B respectively. Jianglong Shipbuilding's EBIT is CN¥25.9M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥329.8M.
Key information
1.2%
Debt to equity ratio
CN¥10.01m
Debt
Interest coverage ratio | -1.7x |
Cash | CN¥329.78m |
Equity | CN¥835.28m |
Total liabilities | CN¥1.40b |
Total assets | CN¥2.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300589's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300589's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥18.8M).
Debt to Equity History and Analysis
Debt Level: 300589 has more cash than its total debt.
Reducing Debt: 300589's debt to equity ratio has reduced from 44.2% to 1.2% over the past 5 years.
Debt Coverage: 300589's debt is well covered by operating cash flow (3290%).
Interest Coverage: 300589 earns more interest than it pays, so coverage of interest payments is not a concern.