JiangSu JiuWu Hi-Tech Balance Sheet Health
Financial Health criteria checks 5/6
JiangSu JiuWu Hi-Tech has a total shareholder equity of CN¥1.2B and total debt of CN¥95.1M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are CN¥1.8B and CN¥596.9M respectively. JiangSu JiuWu Hi-Tech's EBIT is CN¥19.5M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥249.5M.
Key information
7.9%
Debt to equity ratio
CN¥95.14m
Debt
Interest coverage ratio | -1.5x |
Cash | CN¥249.53m |
Equity | CN¥1.21b |
Total liabilities | CN¥596.91m |
Total assets | CN¥1.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300631's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥529.4M).
Long Term Liabilities: 300631's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥67.5M).
Debt to Equity History and Analysis
Debt Level: 300631 has more cash than its total debt.
Reducing Debt: 300631's debt to equity ratio has increased from 6.3% to 7.9% over the past 5 years.
Debt Coverage: 300631's debt is well covered by operating cash flow (124.3%).
Interest Coverage: 300631 earns more interest than it pays, so coverage of interest payments is not a concern.