Gem-Year IndustrialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Gem-Year IndustrialLtd has a total shareholder equity of CN¥4.2B and total debt of CN¥101.3M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥5.2B and CN¥1.0B respectively.
Key information
2.4%
Debt to equity ratio
CN¥101.27m
Debt
Interest coverage ratio | n/a |
Cash | CN¥427.27m |
Equity | CN¥4.15b |
Total liabilities | CN¥1.02b |
Total assets | CN¥5.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601002's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥869.5M).
Long Term Liabilities: 601002's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥151.0M).
Debt to Equity History and Analysis
Debt Level: 601002 has more cash than its total debt.
Reducing Debt: 601002's debt to equity ratio has reduced from 27.9% to 2.4% over the past 5 years.
Debt Coverage: 601002's debt is well covered by operating cash flow (380.8%).
Interest Coverage: Insufficient data to determine if 601002's interest payments on its debt are well covered by EBIT.