Zhejiang Jianye Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Jianye Chemical has a total shareholder equity of CN¥2.0B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.7B and CN¥635.2M respectively. Zhejiang Jianye Chemical's EBIT is CN¥355.8M making its interest coverage ratio -19.9. It has cash and short-term investments of CN¥980.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -19.9x |
Cash | CN¥980.32m |
Equity | CN¥2.02b |
Total liabilities | CN¥635.24m |
Total assets | CN¥2.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603948's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥576.6M).
Long Term Liabilities: 603948's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥58.6M).
Debt to Equity History and Analysis
Debt Level: 603948 is debt free.
Reducing Debt: 603948 has no debt compared to 5 years ago when its debt to equity ratio was 17.6%.
Debt Coverage: 603948 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 603948 has no debt, therefore coverage of interest payments is not a concern.