Jiiangsu Times Textile TechnologyLTD Balance Sheet Health
Financial Health criteria checks 6/6
Jiiangsu Times Textile TechnologyLTD has a total shareholder equity of CN¥924.7M and total debt of CN¥156.4M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are CN¥1.2B and CN¥284.2M respectively. Jiiangsu Times Textile TechnologyLTD's EBIT is CN¥80.4M making its interest coverage ratio -8.8. It has cash and short-term investments of CN¥531.2M.
Key information
16.9%
Debt to equity ratio
CN¥156.38m
Debt
Interest coverage ratio | -8.8x |
Cash | CN¥531.18m |
Equity | CN¥924.72m |
Total liabilities | CN¥284.25m |
Total assets | CN¥1.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001234's short term assets (CN¥864.9M) exceed its short term liabilities (CN¥279.9M).
Long Term Liabilities: 001234's short term assets (CN¥864.9M) exceed its long term liabilities (CN¥4.4M).
Debt to Equity History and Analysis
Debt Level: 001234 has more cash than its total debt.
Reducing Debt: 001234's debt to equity ratio has reduced from 35.9% to 16.9% over the past 5 years.
Debt Coverage: 001234's debt is well covered by operating cash flow (37.6%).
Interest Coverage: 001234 earns more interest than it pays, so coverage of interest payments is not a concern.