Jihua Group Balance Sheet Health
Financial Health criteria checks 6/6
Jihua Group has a total shareholder equity of CN¥17.0B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are CN¥26.4B and CN¥9.4B respectively. Jihua Group's EBIT is CN¥27.6M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥6.8B.
Key information
12.6%
Debt to equity ratio
CN¥2.15b
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥6.78b |
Equity | CN¥17.04b |
Total liabilities | CN¥9.40b |
Total assets | CN¥26.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601718's short term assets (CN¥15.8B) exceed its short term liabilities (CN¥7.3B).
Long Term Liabilities: 601718's short term assets (CN¥15.8B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 601718 has more cash than its total debt.
Reducing Debt: 601718's debt to equity ratio has reduced from 31.9% to 12.6% over the past 5 years.
Debt Coverage: 601718's debt is well covered by operating cash flow (52%).
Interest Coverage: 601718 earns more interest than it pays, so coverage of interest payments is not a concern.