Jiangsu Lianfa TextileLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Lianfa TextileLtd has a total shareholder equity of CN¥4.1B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 26.4%. Its total assets and total liabilities are CN¥6.0B and CN¥1.9B respectively. Jiangsu Lianfa TextileLtd's EBIT is CN¥275.4M making its interest coverage ratio 9.3. It has cash and short-term investments of CN¥1.5B.
Key information
26.4%
Debt to equity ratio
CN¥1.07b
Debt
| Interest coverage ratio | 9.3x |
| Cash | CN¥1.49b |
| Equity | CN¥4.06b |
| Total liabilities | CN¥1.94b |
| Total assets | CN¥6.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002394's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002394's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥707.4M).
Debt to Equity History and Analysis
Debt Level: 002394 has more cash than its total debt.
Reducing Debt: 002394's debt to equity ratio has increased from 10.3% to 26.4% over the past 5 years.
Debt Coverage: 002394's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002394's interest payments on its debt are well covered by EBIT (9.3x coverage).