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 |
Cash | CN¥456.37m |
Equity | CN¥891.44m |
Total liabilities | CN¥285.64m |
Total assets | CN¥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 07Jiiangsu Times Textile TechnologyLTD (SZSE:001234) Is Paying Out A Dividend Of CN¥0.50
Jun 17Jiiangsu Times Textile TechnologyLTD (SZSE:001234) Will Want To Turn Around Its Return Trends
Jun 07Jiiangsu Times Textile TechnologyLTD's (SZSE:001234) Shareholders May Want To Dig Deeper Than Statutory Profit
May 02What Jiiangsu Times Textile Technology Co.,LTD's (SZSE:001234) P/E Is Not Telling You
Apr 17Financial 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.