Jiajiayue Group Balance Sheet Health
Financial Health criteria checks 3/6
Jiajiayue Group has a total shareholder equity of CN¥2.6B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 38.8%. Its total assets and total liabilities are CN¥14.3B and CN¥11.7B respectively. Jiajiayue Group's EBIT is CN¥439.9M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥2.6B.
Key information
38.8%
Debt to equity ratio
CN¥1.02b
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥2.60b |
Equity | CN¥2.64b |
Total liabilities | CN¥11.67b |
Total assets | CN¥14.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603708's short term assets (CN¥5.4B) do not cover its short term liabilities (CN¥7.3B).
Long Term Liabilities: 603708's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥4.3B).
Debt to Equity History and Analysis
Debt Level: 603708 has more cash than its total debt.
Reducing Debt: 603708's debt to equity ratio has increased from 5.5% to 38.8% over the past 5 years.
Debt Coverage: 603708's debt is well covered by operating cash flow (169.9%).
Interest Coverage: 603708's interest payments on its debt are not well covered by EBIT (2.3x coverage).