Jason Furniture (Hangzhou)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Jason Furniture (Hangzhou)Ltd has a total shareholder equity of CN¥10.2B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are CN¥15.9B and CN¥5.7B respectively. Jason Furniture (Hangzhou)Ltd's EBIT is CN¥2.2B making its interest coverage ratio -77.1. It has cash and short-term investments of CN¥2.6B.
Key information
12.5%
Debt to equity ratio
CN¥1.27b
Debt
Interest coverage ratio | -77.1x |
Cash | CN¥2.58b |
Equity | CN¥10.17b |
Total liabilities | CN¥5.75b |
Total assets | CN¥15.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603816's short term assets (CN¥6.5B) exceed its short term liabilities (CN¥5.2B).
Long Term Liabilities: 603816's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥497.8M).
Debt to Equity History and Analysis
Debt Level: 603816 has more cash than its total debt.
Reducing Debt: 603816's debt to equity ratio has reduced from 41.2% to 12.5% over the past 5 years.
Debt Coverage: 603816's debt is well covered by operating cash flow (168.1%).
Interest Coverage: 603816 earns more interest than it pays, so coverage of interest payments is not a concern.