Jianglong Shipbuilding Balance Sheet Health
Financial Health criteria checks 5/6
Jianglong Shipbuilding has a total shareholder equity of CN¥836.9M and total debt of CN¥84.1M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are CN¥2.0B and CN¥1.2B respectively. Jianglong Shipbuilding's EBIT is CN¥31.2M making its interest coverage ratio -3.7. It has cash and short-term investments of CN¥117.1M.
Key information
10.0%
Debt to equity ratio
CN¥84.08m
Debt
| Interest coverage ratio | -3.7x |
| Cash | CN¥117.07m |
| Equity | CN¥836.91m |
| Total liabilities | CN¥1.18b |
| Total assets | CN¥2.02b |
Recent financial health updates
Recent updates
Revenues Tell The Story For Jianglong Shipbuilding Co., Ltd. (SZSE:300589) As Its Stock Soars 36%
Oct 08
These 4 Measures Indicate That Jianglong Shipbuilding (SZSE:300589) Is Using Debt Reasonably Well
Sep 30Jianglong Shipbuilding's (SZSE:300589) Returns On Capital Not Reflecting Well On The Business
Jun 13Jianglong Shipbuilding's (SZSE:300589) Performance Is Even Better Than Its Earnings Suggest
May 01Jianglong Shipbuilding Co., Ltd.'s (SZSE:300589) P/S Is Still On The Mark Following 26% Share Price Bounce
Mar 06Financial Position Analysis
Short Term Liabilities: 300589's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300589's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥17.8M).
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 28% to 10% over the past 5 years.
Debt Coverage: 300589's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300589 earns more interest than it pays, so coverage of interest payments is not a concern.