Jiangxi Wannianqing Cement Balance Sheet Health
Financial Health criteria checks 6/6
Jiangxi Wannianqing Cement has a total shareholder equity of CN¥10.4B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are CN¥17.0B and CN¥6.6B respectively. Jiangxi Wannianqing Cement's EBIT is CN¥525.9M making its interest coverage ratio -115.9. It has cash and short-term investments of CN¥4.1B.
Key information
25.3%
Debt to equity ratio
CN¥2.63b
Debt
Interest coverage ratio | -115.9x |
Cash | CN¥4.06b |
Equity | CN¥10.39b |
Total liabilities | CN¥6.61b |
Total assets | CN¥17.00b |
Financial Position Analysis
Short Term Liabilities: 000789's short term assets (CN¥7.3B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 000789's short term assets (CN¥7.3B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 000789 has more cash than its total debt.
Reducing Debt: 000789's debt to equity ratio has reduced from 28.7% to 25.3% over the past 5 years.
Debt Coverage: 000789's debt is well covered by operating cash flow (29%).
Interest Coverage: 000789 earns more interest than it pays, so coverage of interest payments is not a concern.