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¥15.1B and total debt of CN¥919.4M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are CN¥22.4B and CN¥7.3B respectively. Jiangsu King's Luck Brewery's EBIT is CN¥4.5B making its interest coverage ratio -18.3. It has cash and short-term investments of CN¥7.7B.
Key information
6.1%
Debt to equity ratio
CN¥919.39m
Debt
| Interest coverage ratio | -18.3x |
| Cash | CN¥7.68b |
| Equity | CN¥15.13b |
| Total liabilities | CN¥7.26b |
| Total assets | CN¥22.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603369's short term assets (CN¥12.4B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: 603369's short term assets (CN¥12.4B) exceed its long term liabilities (CN¥195.8M).
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% to 6.1% over the past 5 years.
Debt Coverage: 603369's debt is well covered by operating cash flow (331.6%).
Interest Coverage: 603369 earns more interest than it pays, so coverage of interest payments is not a concern.