Jinzai Food GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jinzai Food GroupLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥250.0M, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are CN¥2.0B and CN¥616.3M respectively. Jinzai Food GroupLtd's EBIT is CN¥275.6M making its interest coverage ratio -13. It has cash and short-term investments of CN¥491.7M.
Key information
18.5%
Debt to equity ratio
CN¥250.00m
Debt
| Interest coverage ratio | -13x |
| Cash | CN¥491.68m |
| Equity | CN¥1.35b |
| Total liabilities | CN¥616.32m |
| Total assets | CN¥1.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 003000's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥585.8M).
Long Term Liabilities: 003000's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥30.5M).
Debt to Equity History and Analysis
Debt Level: 003000 has more cash than its total debt.
Reducing Debt: 003000's debt to equity ratio has increased from 0% to 18.5% over the past 5 years.
Debt Coverage: 003000's debt is well covered by operating cash flow (146.4%).
Interest Coverage: 003000 earns more interest than it pays, so coverage of interest payments is not a concern.