Yongjin Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Yongjin Technology Group has a total shareholder equity of CN¥6.3B and total debt of CN¥3.7B, which brings its debt-to-equity ratio to 58.1%. Its total assets and total liabilities are CN¥14.4B and CN¥8.1B respectively. Yongjin Technology Group's EBIT is CN¥934.8M making its interest coverage ratio 11. It has cash and short-term investments of CN¥1.6B.
Key information
58.1%
Debt to equity ratio
CN¥3.65b
Debt
| Interest coverage ratio | 11x |
| Cash | CN¥1.57b |
| Equity | CN¥6.29b |
| Total liabilities | CN¥8.09b |
| Total assets | CN¥14.37b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603995's short term assets (CN¥6.5B) exceed its short term liabilities (CN¥6.0B).
Long Term Liabilities: 603995's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 603995's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: 603995's debt to equity ratio has increased from 31.6% to 58.1% over the past 5 years.
Debt Coverage: 603995's debt is well covered by operating cash flow (25.8%).
Interest Coverage: 603995's interest payments on its debt are well covered by EBIT (11x coverage).