Jiangxi Salt Industry Group Balance Sheet Health
Financial Health criteria checks 6/6
Jiangxi Salt Industry Group has a total shareholder equity of CN¥4.3B and total debt of CN¥102.1M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥5.8B and CN¥1.5B respectively. Jiangxi Salt Industry Group's EBIT is CN¥574.8M making its interest coverage ratio 302.7. It has cash and short-term investments of CN¥1.5B.
Key information
2.4%
Debt to equity ratio
CN¥102.13m
Debt
Interest coverage ratio | 302.7x |
Cash | CN¥1.48b |
Equity | CN¥4.33b |
Total liabilities | CN¥1.46b |
Total assets | CN¥5.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601065's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 601065's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥172.9M).
Debt to Equity History and Analysis
Debt Level: 601065 has more cash than its total debt.
Reducing Debt: 601065's debt to equity ratio has reduced from 70.8% to 2.4% over the past 5 years.
Debt Coverage: 601065's debt is well covered by operating cash flow (970.3%).
Interest Coverage: 601065's interest payments on its debt are well covered by EBIT (302.7x coverage).