Jiangsu Fasten Balance Sheet Health
Financial Health criteria checks 1/6
Jiangsu Fasten has a total shareholder equity of CN¥125.1M and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 884.8%. Its total assets and total liabilities are CN¥1.5B and CN¥1.4B respectively.
Key information
884.8%
Debt to equity ratio
CN¥1.11b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥304.89m |
| Equity | CN¥125.10m |
| Total liabilities | CN¥1.37b |
| Total assets | CN¥1.49b |
Financial Position Analysis
Short Term Liabilities: 000890's short term assets (CN¥832.2M) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 000890's short term assets (CN¥832.2M) exceed its long term liabilities (CN¥68.0M).
Debt to Equity History and Analysis
Debt Level: 000890's net debt to equity ratio (641.1%) is considered high.
Reducing Debt: 000890's debt to equity ratio has increased from 793.6% to 884.8% over the past 5 years.
Debt Coverage: 000890's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 000890's interest payments on its debt are well covered by EBIT.