J.S. Corrugating Machinery Balance Sheet Health
Financial Health criteria checks 4/6
J.S. Corrugating Machinery has a total shareholder equity of CN¥4.2B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are CN¥14.9B and CN¥10.7B respectively. J.S. Corrugating Machinery's EBIT is CN¥597.5M making its interest coverage ratio -18.7. It has cash and short-term investments of CN¥2.3B.
Key information
31.8%
Debt to equity ratio
CN¥1.34b
Debt
| Interest coverage ratio | -18.7x |
| Cash | CN¥2.32b |
| Equity | CN¥4.22b |
| Total liabilities | CN¥10.67b |
| Total assets | CN¥14.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000821's short term assets (CN¥12.5B) exceed its short term liabilities (CN¥10.0B).
Long Term Liabilities: 000821's short term assets (CN¥12.5B) exceed its long term liabilities (CN¥679.5M).
Debt to Equity History and Analysis
Debt Level: 000821 has more cash than its total debt.
Reducing Debt: 000821's debt to equity ratio has increased from 23.8% to 31.8% over the past 5 years.
Debt Coverage: 000821's debt is not well covered by operating cash flow (19%).
Interest Coverage: 000821 earns more interest than it pays, so coverage of interest payments is not a concern.