JoeoneLtd Balance Sheet Health
Financial Health criteria checks 5/6
JoeoneLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥450.0M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥5.7B and CN¥1.7B respectively. JoeoneLtd's EBIT is CN¥430.5M making its interest coverage ratio -13.9. It has cash and short-term investments of CN¥1.8B.
Key information
11.3%
Debt to equity ratio
CN¥450.04m
Debt
Interest coverage ratio | -13.9x |
Cash | CN¥1.80b |
Equity | CN¥4.00b |
Total liabilities | CN¥1.72b |
Total assets | CN¥5.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601566's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 601566's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥339.1M).
Debt to Equity History and Analysis
Debt Level: 601566 has more cash than its total debt.
Reducing Debt: 601566's debt to equity ratio has increased from 10.6% to 11.3% over the past 5 years.
Debt Coverage: 601566's debt is well covered by operating cash flow (115%).
Interest Coverage: 601566 earns more interest than it pays, so coverage of interest payments is not a concern.