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¥70.0M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are CN¥1.8B and CN¥392.8M respectively. Jinzai Food GroupLtd's EBIT is CN¥239.9M making its interest coverage ratio -12.9. It has cash and short-term investments of CN¥556.7M.
Key information
5.1%
Debt to equity ratio
CN¥70.00m
Debt
Interest coverage ratio | -12.9x |
Cash | CN¥556.73m |
Equity | CN¥1.37b |
Total liabilities | CN¥392.83m |
Total assets | CN¥1.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 003000's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥360.3M).
Long Term Liabilities: 003000's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥32.5M).
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 5.1% over the past 5 years.
Debt Coverage: 003000's debt is well covered by operating cash flow (343.2%).
Interest Coverage: 003000 earns more interest than it pays, so coverage of interest payments is not a concern.