Zhejiang JW Precision MachineryLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang JW Precision MachineryLtd has a total shareholder equity of CN¥697.7M and total debt of CN¥382.8M, which brings its debt-to-equity ratio to 54.9%. Its total assets and total liabilities are CN¥1.4B and CN¥671.6M respectively. Zhejiang JW Precision MachineryLtd's EBIT is CN¥32.8M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥58.4M.
Key information
54.9%
Debt to equity ratio
CN¥382.81m
Debt
| Interest coverage ratio | 2.7x |
| Cash | CN¥58.42m |
| Equity | CN¥697.70m |
| Total liabilities | CN¥671.63m |
| Total assets | CN¥1.37b |
Recent financial health updates
No updates
Recent updates
Earnings Troubles May Signal Larger Issues for Zhejiang JW Precision MachineryLtd (SZSE:300984) Shareholders
Nov 06
Optimistic Investors Push Zhejiang JW Precision Machinery Co.,Ltd (SZSE:300984) Shares Up 34% But Growth Is Lacking
Oct 18Zhejiang JW Precision MachineryLtd's (SZSE:300984) Returns On Capital Not Reflecting Well On The Business
Jun 07Weak Statutory Earnings May Not Tell The Whole Story For Zhejiang JW Precision MachineryLtd (SZSE:300984)
Apr 15There Are Reasons To Feel Uneasy About Zhejiang JW Precision MachineryLtd's (SZSE:300984) Returns On Capital
Mar 06Financial Position Analysis
Short Term Liabilities: 300984's short term assets (CN¥602.9M) exceed its short term liabilities (CN¥333.0M).
Long Term Liabilities: 300984's short term assets (CN¥602.9M) exceed its long term liabilities (CN¥338.7M).
Debt to Equity History and Analysis
Debt Level: 300984's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: 300984's debt to equity ratio has increased from 33.4% to 54.9% over the past 5 years.
Debt Coverage: 300984's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: 300984's interest payments on its debt are not well covered by EBIT (2.7x coverage).