Joy Kie Balance Sheet Health
Financial Health criteria checks 6/6
Joy Kie has a total shareholder equity of CN¥1.2B and total debt of CN¥23.7M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CN¥1.8B and CN¥558.4M respectively. Joy Kie's EBIT is CN¥83.5M making its interest coverage ratio -2. It has cash and short-term investments of CN¥796.0M.
Key information
2.0%
Debt to equity ratio
CN¥23.73m
Debt
Interest coverage ratio | -2x |
Cash | CN¥796.03m |
Equity | CN¥1.20b |
Total liabilities | CN¥558.36m |
Total assets | CN¥1.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300994's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥542.0M).
Long Term Liabilities: 300994's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥16.4M).
Debt to Equity History and Analysis
Debt Level: 300994 has more cash than its total debt.
Reducing Debt: 300994's debt to equity ratio has reduced from 7.5% to 2% over the past 5 years.
Debt Coverage: 300994's debt is well covered by operating cash flow (633.3%).
Interest Coverage: 300994 earns more interest than it pays, so coverage of interest payments is not a concern.