Jinjian Cereals IndustryLtd Balance Sheet Health
Financial Health criteria checks 3/6
Jinjian Cereals IndustryLtd has a total shareholder equity of CN¥746.1M and total debt of CN¥693.2M, which brings its debt-to-equity ratio to 92.9%. Its total assets and total liabilities are CN¥1.9B and CN¥1.2B respectively. Jinjian Cereals IndustryLtd's EBIT is CN¥10.8M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥181.4M.
Key information
92.9%
Debt to equity ratio
CN¥693.22m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥181.44m |
| Equity | CN¥746.14m |
| Total liabilities | CN¥1.19b |
| Total assets | CN¥1.93b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600127's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 600127's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥95.0M).
Debt to Equity History and Analysis
Debt Level: 600127's net debt to equity ratio (68.6%) is considered high.
Reducing Debt: 600127's debt to equity ratio has reduced from 111.2% to 92.9% over the past 5 years.
Debt Coverage: 600127's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600127's interest payments on its debt are not well covered by EBIT (0.6x coverage).