Shandong Jinjing Science & Technology StockLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shandong Jinjing Science & Technology StockLtd has a total shareholder equity of CN¥6.0B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are CN¥11.6B and CN¥5.5B respectively. Shandong Jinjing Science & Technology StockLtd's EBIT is CN¥823.0M making its interest coverage ratio 8.1. It has cash and short-term investments of CN¥2.2B.
Key information
43.3%
Debt to equity ratio
CN¥2.61b
Debt
Interest coverage ratio | 8.1x |
Cash | CN¥2.18b |
Equity | CN¥6.04b |
Total liabilities | CN¥5.54b |
Total assets | CN¥11.58b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600586's short term assets (CN¥4.3B) do not cover its short term liabilities (CN¥4.7B).
Long Term Liabilities: 600586's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥881.7M).
Debt to Equity History and Analysis
Debt Level: 600586's net debt to equity ratio (7.1%) is considered satisfactory.
Reducing Debt: 600586's debt to equity ratio has increased from 31.3% to 43.3% over the past 5 years.
Debt Coverage: 600586's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 600586's interest payments on its debt are well covered by EBIT (8.1x coverage).