JINHUI LIQUORLtd Balance Sheet Health
Financial Health criteria checks 6/6
JINHUI LIQUORLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥14.5M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥4.7B and CN¥1.1B respectively. JINHUI LIQUORLtd's EBIT is CN¥400.2M making its interest coverage ratio -16.4. It has cash and short-term investments of CN¥1.4B.
Key information
0.4%
Debt to equity ratio
CN¥14.50m
Debt
| Interest coverage ratio | -16.4x |
| Cash | CN¥1.35b |
| Equity | CN¥3.54b |
| Total liabilities | CN¥1.12b |
| Total assets | CN¥4.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603919's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603919's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥66.2M).
Debt to Equity History and Analysis
Debt Level: 603919 has more cash than its total debt.
Reducing Debt: 603919's debt to equity ratio has reduced from 11.3% to 0.4% over the past 5 years.
Debt Coverage: 603919's debt is well covered by operating cash flow (3858%).
Interest Coverage: 603919 earns more interest than it pays, so coverage of interest payments is not a concern.