Jinjian Cereals IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jinjian Cereals IndustryLtd has a total shareholder equity of CN¥746.8M and total debt of CN¥655.0M, which brings its debt-to-equity ratio to 87.7%. Its total assets and total liabilities are CN¥1.7B and CN¥974.5M respectively. Jinjian Cereals IndustryLtd's EBIT is CN¥31.9M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥110.1M.
Key information
87.7%
Debt to equity ratio
CN¥655.00m
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥110.11m |
| Equity | CN¥746.81m |
| Total liabilities | CN¥974.53m |
| Total assets | CN¥1.72b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600127's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥854.8M).
Long Term Liabilities: 600127's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥119.7M).
Debt to Equity History and Analysis
Debt Level: 600127's net debt to equity ratio (73%) is considered high.
Reducing Debt: 600127's debt to equity ratio has reduced from 117.4% to 87.7% over the past 5 years.
Debt Coverage: 600127's debt is well covered by operating cash flow (31.4%).
Interest Coverage: 600127's interest payments on its debt are not well covered by EBIT (1.4x coverage).