Jiangyin Jianghua Microelectronics Materials Balance Sheet Health
Financial Health criteria checks 5/6
Jiangyin Jianghua Microelectronics Materials has a total shareholder equity of CN¥1.9B and total debt of CN¥707.9M, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are CN¥2.8B and CN¥890.0M respectively. Jiangyin Jianghua Microelectronics Materials's EBIT is CN¥79.2M making its interest coverage ratio -10.8. It has cash and short-term investments of CN¥921.7M.
Key information
37.4%
Debt to equity ratio
CN¥707.94m
Debt
| Interest coverage ratio | -10.8x |
| Cash | CN¥921.72m |
| Equity | CN¥1.89b |
| Total liabilities | CN¥889.98m |
| Total assets | CN¥2.78b |
Financial Position Analysis
Short Term Liabilities: 603078's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥581.0M).
Long Term Liabilities: 603078's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥309.0M).
Debt to Equity History and Analysis
Debt Level: 603078 has more cash than its total debt.
Reducing Debt: 603078's debt to equity ratio has increased from 23.6% to 37.4% over the past 5 years.
Debt Coverage: 603078's debt is well covered by operating cash flow (22.8%).
Interest Coverage: 603078 earns more interest than it pays, so coverage of interest payments is not a concern.