Zhejiang Jingxing Paper Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jingxing Paper has a total shareholder equity of CN¥5.6B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 34%. Its total assets and total liabilities are CN¥8.2B and CN¥2.6B respectively. Zhejiang Jingxing Paper's EBIT is CN¥70.3M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥1.2B.
Key information
34.0%
Debt to equity ratio
CN¥1.91b
Debt
| Interest coverage ratio | -5.3x |
| Cash | CN¥1.24b |
| Equity | CN¥5.60b |
| Total liabilities | CN¥2.60b |
| Total assets | CN¥8.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002067's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002067's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002067's net debt to equity ratio (11.8%) is considered satisfactory.
Reducing Debt: 002067's debt to equity ratio has reduced from 34.8% to 34% over the past 5 years.
Debt Coverage: 002067's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002067 earns more interest than it pays, so coverage of interest payments is not a concern.