Hainan Jingliang Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Hainan Jingliang Holdings has a total shareholder equity of CN¥3.6B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 59.5%. Its total assets and total liabilities are CN¥7.0B and CN¥3.4B respectively. Hainan Jingliang Holdings's EBIT is CN¥11.9M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥1.6B.
Key information
59.5%
Debt to equity ratio
CN¥2.14b
Debt
Interest coverage ratio | 0.5x |
Cash | CN¥1.63b |
Equity | CN¥3.60b |
Total liabilities | CN¥3.45b |
Total assets | CN¥7.04b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000505's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 000505's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥874.7M).
Debt to Equity History and Analysis
Debt Level: 000505's net debt to equity ratio (14.2%) is considered satisfactory.
Reducing Debt: 000505's debt to equity ratio has increased from 46.3% to 59.5% over the past 5 years.
Debt Coverage: 000505's debt is not well covered by operating cash flow (10%).
Interest Coverage: 000505's interest payments on its debt are not well covered by EBIT (0.5x coverage).