Yangzhou Jinquan Travelling Goods Balance Sheet Health
Financial Health criteria checks 5/6
Yangzhou Jinquan Travelling Goods has a total shareholder equity of CN¥1.5B and total debt of CN¥97.1M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥1.8B and CN¥327.6M respectively. Yangzhou Jinquan Travelling Goods's EBIT is CN¥168.4M making its interest coverage ratio -4. It has cash and short-term investments of CN¥997.8M.
Key information
6.6%
Debt to equity ratio
CN¥97.08m
Debt
Interest coverage ratio | -4x |
Cash | CN¥997.80m |
Equity | CN¥1.47b |
Total liabilities | CN¥327.65m |
Total assets | CN¥1.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603307's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥280.9M).
Long Term Liabilities: 603307's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥46.8M).
Debt to Equity History and Analysis
Debt Level: 603307 has more cash than its total debt.
Reducing Debt: 603307's debt to equity ratio has increased from 0% to 6.6% over the past 5 years.
Debt Coverage: 603307's debt is well covered by operating cash flow (293.6%).
Interest Coverage: 603307 earns more interest than it pays, so coverage of interest payments is not a concern.