Zhejiang Jiaxin SilkLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jiaxin SilkLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 47.7%. Its total assets and total liabilities are CN¥3.6B and CN¥1.5B respectively. Zhejiang Jiaxin SilkLtd's EBIT is CN¥184.8M making its interest coverage ratio -4. It has cash and short-term investments of CN¥1.2B.
Key information
47.7%
Debt to equity ratio
CN¥1.02b
Debt
Interest coverage ratio | -4x |
Cash | CN¥1.24b |
Equity | CN¥2.14b |
Total liabilities | CN¥1.47b |
Total assets | CN¥3.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002404's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002404's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥17.0M).
Debt to Equity History and Analysis
Debt Level: 002404 has more cash than its total debt.
Reducing Debt: 002404's debt to equity ratio has increased from 39.1% to 47.7% over the past 5 years.
Debt Coverage: 002404's debt is well covered by operating cash flow (35.2%).
Interest Coverage: 002404 earns more interest than it pays, so coverage of interest payments is not a concern.