Jiangsu Hengshun Vinegar-IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Hengshun Vinegar-IndustryLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥1.4M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥3.9B and CN¥539.3M respectively. Jiangsu Hengshun Vinegar-IndustryLtd's EBIT is CN¥88.5M making its interest coverage ratio 36.9. It has cash and short-term investments of CN¥1.3B.
Key information
0.04%
Debt to equity ratio
CN¥1.39m
Debt
| Interest coverage ratio | 36.9x |
| Cash | CN¥1.35b |
| Equity | CN¥3.38b |
| Total liabilities | CN¥539.33m |
| Total assets | CN¥3.92b |
Financial Position Analysis
Short Term Liabilities: 600305's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥409.8M).
Long Term Liabilities: 600305's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥129.5M).
Debt to Equity History and Analysis
Debt Level: 600305 has more cash than its total debt.
Reducing Debt: 600305's debt to equity ratio has reduced from 6% to 0.04% over the past 5 years.
Debt Coverage: 600305's debt is well covered by operating cash flow (11212.4%).
Interest Coverage: 600305's interest payments on its debt are well covered by EBIT (36.9x coverage).