Zhejiang Ming Jewelry Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Ming Jewelry has a total shareholder equity of CN¥3.1B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 56.5%. Its total assets and total liabilities are CN¥7.6B and CN¥4.4B respectively.
Key information
56.5%
Debt to equity ratio
CN¥1.78b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.19b |
| Equity | CN¥3.14b |
| Total liabilities | CN¥4.41b |
| Total assets | CN¥7.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002574's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 002574's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002574's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 002574's debt to equity ratio has increased from 2.5% to 56.5% over the past 5 years.
Debt Coverage: 002574's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: Insufficient data to determine if 002574's interest payments on its debt are well covered by EBIT.