Jilin Joinature PolymerLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jilin Joinature PolymerLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.2B and CN¥53.0M respectively. Jilin Joinature PolymerLtd's EBIT is CN¥30.9M making its interest coverage ratio -5.6. It has cash and short-term investments of CN¥708.8M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -5.6x |
| Cash | CN¥708.84m |
| Equity | CN¥1.16b |
| Total liabilities | CN¥52.98m |
| Total assets | CN¥1.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688716's short term assets (CN¥978.4M) exceed its short term liabilities (CN¥41.6M).
Long Term Liabilities: 688716's short term assets (CN¥978.4M) exceed its long term liabilities (CN¥11.3M).
Debt to Equity History and Analysis
Debt Level: 688716 is debt free.
Reducing Debt: 688716 has no debt compared to 5 years ago when its debt to equity ratio was 4.6%.
Debt Coverage: 688716 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 688716 has no debt, therefore coverage of interest payments is not a concern.