Xiamen Jiarong TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen Jiarong TechnologyLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥126.1M, which brings its debt-to-equity ratio to 7.1%. Its total assets and total liabilities are CN¥2.2B and CN¥424.1M respectively. Xiamen Jiarong TechnologyLtd's EBIT is CN¥64.6M making its interest coverage ratio -21.5. It has cash and short-term investments of CN¥955.7M.
Key information
7.1%
Debt to equity ratio
CN¥126.05m
Debt
Interest coverage ratio | -21.5x |
Cash | CN¥955.65m |
Equity | CN¥1.77b |
Total liabilities | CN¥424.14m |
Total assets | CN¥2.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301148's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥294.9M).
Long Term Liabilities: 301148's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥129.3M).
Debt to Equity History and Analysis
Debt Level: 301148 has more cash than its total debt.
Reducing Debt: 301148's debt to equity ratio has increased from 2.4% to 7.1% over the past 5 years.
Debt Coverage: 301148's debt is well covered by operating cash flow (39.6%).
Interest Coverage: 301148 earns more interest than it pays, so coverage of interest payments is not a concern.