Zhejiang JIULI Hi-tech MetalsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang JIULI Hi-tech MetalsLtd has a total shareholder equity of CN¥7.8B and total debt of CN¥793.7M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are CN¥14.0B and CN¥6.1B respectively. Zhejiang JIULI Hi-tech MetalsLtd's EBIT is CN¥1.5B making its interest coverage ratio -12.8. It has cash and short-term investments of CN¥3.4B.
Key information
10.2%
Debt to equity ratio
CN¥793.74m
Debt
| Interest coverage ratio | -12.8x |
| Cash | CN¥3.37b |
| Equity | CN¥7.82b |
| Total liabilities | CN¥6.13b |
| Total assets | CN¥13.95b |
Recent financial health updates
Is Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Using Too Much Debt?
Oct 09
These 4 Measures Indicate That Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Is Using Debt Safely
Jun 12Recent updates
The Return Trends At Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Look Promising
Nov 19Is Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Using Too Much Debt?
Oct 09There's No Escaping Zhejiang JIULI Hi-tech Metals Co.,Ltd's (SZSE:002318) Muted Earnings
Sep 20Here's Why We Think Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Is Well Worth Watching
Aug 23Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Is Experiencing Growth In Returns On Capital
Jul 17These 4 Measures Indicate That Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Is Using Debt Safely
Jun 12Zhejiang JIULI Hi-tech Metals Co.,Ltd Just Recorded A 21% Revenue Beat: Here's What Analysts Think
May 02Zhejiang JIULI Hi-tech Metals Co.,Ltd's (SZSE:002318) Prospects Need A Boost To Lift Shares
Apr 03Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Is Doing The Right Things To Multiply Its Share Price
Mar 15We Ran A Stock Scan For Earnings Growth And Zhejiang JIULI Hi-tech MetalsLtd (SZSE:002318) Passed With Ease
Feb 29Financial Position Analysis
Short Term Liabilities: 002318's short term assets (CN¥9.4B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 002318's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥403.7M).
Debt to Equity History and Analysis
Debt Level: 002318 has more cash than its total debt.
Reducing Debt: 002318's debt to equity ratio has reduced from 26.5% to 10.2% over the past 5 years.
Debt Coverage: 002318's debt is well covered by operating cash flow (218.3%).
Interest Coverage: 002318 earns more interest than it pays, so coverage of interest payments is not a concern.