Jiangsu King's Luck Brewery Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu King's Luck Brewery has a total shareholder equity of CN¥14.8B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are CN¥22.4B and CN¥7.6B respectively. Jiangsu King's Luck Brewery's EBIT is CN¥4.2B making its interest coverage ratio -38.3. It has cash and short-term investments of CN¥8.4B.
Key information
7.4%
Debt to equity ratio
CN¥1.10b
Debt
Interest coverage ratio | -38.3x |
Cash | CN¥8.42b |
Equity | CN¥14.82b |
Total liabilities | CN¥7.57b |
Total assets | CN¥22.39b |
Financial Position Analysis
Short Term Liabilities: 603369's short term assets (CN¥12.9B) exceed its short term liabilities (CN¥7.4B).
Long Term Liabilities: 603369's short term assets (CN¥12.9B) exceed its long term liabilities (CN¥201.5M).
Debt to Equity History and Analysis
Debt Level: 603369 has more cash than its total debt.
Reducing Debt: 603369's debt to equity ratio has increased from 0.3% to 7.4% over the past 5 years.
Debt Coverage: 603369's debt is well covered by operating cash flow (264.1%).
Interest Coverage: 603369 earns more interest than it pays, so coverage of interest payments is not a concern.