Guangdong JingYi MetalLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong JingYi MetalLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥332.3M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are CN¥2.0B and CN¥670.6M respectively. Guangdong JingYi MetalLtd's EBIT is CN¥41.4M making its interest coverage ratio 4. It has cash and short-term investments of CN¥217.9M.
Key information
24.8%
Debt to equity ratio
CN¥332.30m
Debt
| Interest coverage ratio | 4x |
| Cash | CN¥217.90m |
| Equity | CN¥1.34b |
| Total liabilities | CN¥670.58m |
| Total assets | CN¥2.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002295's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥577.1M).
Long Term Liabilities: 002295's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥93.4M).
Debt to Equity History and Analysis
Debt Level: 002295's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 002295's debt to equity ratio has reduced from 50.2% to 24.8% over the past 5 years.
Debt Coverage: 002295's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 002295's interest payments on its debt are well covered by EBIT (4x coverage).