Jiangsu Xiuqiang Glasswork Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Xiuqiang Glasswork has a total shareholder equity of CN¥2.5B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥3.0B and CN¥459.6M respectively. Jiangsu Xiuqiang Glasswork's EBIT is CN¥231.4M making its interest coverage ratio -11.4. It has cash and short-term investments of CN¥1.4B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -11.4x |
| Cash | CN¥1.39b |
| Equity | CN¥2.49b |
| Total liabilities | CN¥459.57m |
| Total assets | CN¥2.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300160's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥425.9M).
Long Term Liabilities: 300160's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥33.7M).
Debt to Equity History and Analysis
Debt Level: 300160 is debt free.
Reducing Debt: 300160 has no debt compared to 5 years ago when its debt to equity ratio was 35.3%.
Debt Coverage: 300160 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 300160 has no debt, therefore coverage of interest payments is not a concern.