Jiiangsu Times Textile Technology Co.,LTD

SZSE:001234 Stock Report

Market Cap: CN¥1.8b

Jiiangsu Times Textile TechnologyLTD Balance Sheet Health

Financial Health criteria checks 6/6

Jiiangsu Times Textile TechnologyLTD has a total shareholder equity of CN¥891.4M and total debt of CN¥108.7M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are CN¥1.2B and CN¥285.6M respectively. Jiiangsu Times Textile TechnologyLTD's EBIT is CN¥63.7M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥456.4M.

Key information

12.2%

Debt to equity ratio

CN¥108.73m

Debt

Interest coverage ratio-7.2x
CashCN¥456.37m
EquityCN¥891.44m
Total liabilitiesCN¥285.64m
Total assetsCN¥1.18b

Recent financial health updates

No updates

Recent updates

Jiiangsu Times Textile TechnologyLTD's (SZSE:001234) Promising Earnings May Rest On Soft Foundations

Nov 07
Jiiangsu Times Textile TechnologyLTD's (SZSE:001234) Promising Earnings May Rest On Soft Foundations

Jiiangsu Times Textile TechnologyLTD (SZSE:001234) Is Paying Out A Dividend Of CN¥0.50

Jun 17
Jiiangsu Times Textile TechnologyLTD (SZSE:001234) Is Paying Out A Dividend Of CN¥0.50

Jiiangsu Times Textile TechnologyLTD (SZSE:001234) Will Want To Turn Around Its Return Trends

Jun 07
Jiiangsu Times Textile TechnologyLTD (SZSE:001234) Will Want To Turn Around Its Return Trends

Jiiangsu Times Textile TechnologyLTD's (SZSE:001234) Shareholders May Want To Dig Deeper Than Statutory Profit

May 02
Jiiangsu Times Textile TechnologyLTD's (SZSE:001234) Shareholders May Want To Dig Deeper Than Statutory Profit

What Jiiangsu Times Textile Technology Co.,LTD's (SZSE:001234) P/E Is Not Telling You

Apr 17
What Jiiangsu Times Textile Technology Co.,LTD's (SZSE:001234) P/E Is Not Telling You

Financial Position Analysis

Short Term Liabilities: 001234's short term assets (CN¥807.4M) exceed its short term liabilities (CN¥281.4M).

Long Term Liabilities: 001234's short term assets (CN¥807.4M) exceed its long term liabilities (CN¥4.2M).


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 32.8% to 12.2% over the past 5 years.

Debt Coverage: 001234's debt is well covered by operating cash flow (58.4%).

Interest Coverage: 001234 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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