Jiujiang Defu Technology Balance Sheet Health
Financial Health criteria checks 2/6
Jiujiang Defu Technology has a total shareholder equity of CN¥4.8B and total debt of CN¥6.3B, which brings its debt-to-equity ratio to 132.1%. Its total assets and total liabilities are CN¥14.5B and CN¥9.7B respectively.
Key information
132.1%
Debt to equity ratio
CN¥6.34b
Debt
Interest coverage ratio | n/a |
Cash | CN¥3.83b |
Equity | CN¥4.80b |
Total liabilities | CN¥9.68b |
Total assets | CN¥14.48b |
Financial Position Analysis
Short Term Liabilities: 301511's short term assets (CN¥8.3B) exceed its short term liabilities (CN¥8.2B).
Long Term Liabilities: 301511's short term assets (CN¥8.3B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 301511's net debt to equity ratio (52.4%) is considered high.
Reducing Debt: 301511's debt to equity ratio has increased from 80.4% to 132.1% over the past 5 years.
Debt Coverage: 301511's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 301511's interest payments on its debt are well covered by EBIT.