Zhejiang JW Precision MachineryLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang JW Precision MachineryLtd has a total shareholder equity of CN¥703.6M and total debt of CN¥347.0M, which brings its debt-to-equity ratio to 49.3%. Its total assets and total liabilities are CN¥1.3B and CN¥627.1M respectively. Zhejiang JW Precision MachineryLtd's EBIT is CN¥31.9M making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥63.3M.
Key information
49.3%
Debt to equity ratio
CN¥346.99m
Debt
Interest coverage ratio | 5.1x |
Cash | CN¥63.30m |
Equity | CN¥703.55m |
Total liabilities | CN¥627.11m |
Total assets | CN¥1.33b |
Financial Position Analysis
Short Term Liabilities: 300984's short term assets (CN¥601.0M) exceed its short term liabilities (CN¥297.8M).
Long Term Liabilities: 300984's short term assets (CN¥601.0M) exceed its long term liabilities (CN¥329.3M).
Debt to Equity History and Analysis
Debt Level: 300984's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: 300984's debt to equity ratio has increased from 44.5% to 49.3% over the past 5 years.
Debt Coverage: 300984's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: 300984's interest payments on its debt are well covered by EBIT (5.1x coverage).