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¥1.2B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are CN¥5.6B and CN¥2.1B respectively. Jinhong Fashion GroupLtd's EBIT is CN¥527.1M making its interest coverage ratio 4.8. It has cash and short-term investments of CN¥636.4M.
Key information
34.6%
Debt to equity ratio
CN¥1.22b
Debt
Interest coverage ratio | 4.8x |
Cash | CN¥636.42m |
Equity | CN¥3.51b |
Total liabilities | CN¥2.09b |
Total assets | CN¥5.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603518's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603518's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥782.3M).
Debt to Equity History and Analysis
Debt Level: 603518's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: 603518's debt to equity ratio has reduced from 110.1% to 34.6% over the past 5 years.
Debt Coverage: 603518's debt is well covered by operating cash flow (81.8%).
Interest Coverage: 603518's interest payments on its debt are well covered by EBIT (4.8x coverage).