Zhejiang Ming Jewelry Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Ming Jewelry has a total shareholder equity of CN¥3.1B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are CN¥7.9B and CN¥4.7B respectively. Zhejiang Ming Jewelry's EBIT is CN¥16.1M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥1.6B.
Key information
61.7%
Debt to equity ratio
CN¥1.94b
Debt
Interest coverage ratio | -0.5x |
Cash | CN¥1.60b |
Equity | CN¥3.15b |
Total liabilities | CN¥4.73b |
Total assets | CN¥7.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002574's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 002574's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 002574's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: 002574's debt to equity ratio has increased from 2.2% to 61.7% over the past 5 years.
Debt Coverage: 002574's debt is not well covered by operating cash flow (1%).
Interest Coverage: 002574 earns more interest than it pays, so coverage of interest payments is not a concern.