Jinhong Fashion GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jinhong Fashion GroupLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are CN¥5.5B and CN¥2.1B respectively. Jinhong Fashion GroupLtd's EBIT is CN¥393.2M making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥388.5M.
Key information
30.7%
Debt to equity ratio
CN¥1.06b
Debt
| Interest coverage ratio | 6.6x |
| Cash | CN¥388.49m |
| Equity | CN¥3.47b |
| Total liabilities | CN¥2.06b |
| Total assets | CN¥5.53b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603518's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603518's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥198.6M).
Debt to Equity History and Analysis
Debt Level: 603518's net debt to equity ratio (19.5%) is considered satisfactory.
Reducing Debt: 603518's debt to equity ratio has reduced from 108.2% to 30.7% over the past 5 years.
Debt Coverage: 603518's debt is well covered by operating cash flow (77.9%).
Interest Coverage: 603518's interest payments on its debt are well covered by EBIT (6.6x coverage).