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¥7.1B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CN¥11.5B and CN¥4.3B respectively. Zhejiang JIULI Hi-tech MetalsLtd's EBIT is CN¥1.4B making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥2.6B.
Key information
16.2%
Debt to equity ratio
CN¥1.15b
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥2.60b |
| Equity | CN¥7.12b |
| Total liabilities | CN¥4.34b |
| Total assets | CN¥11.46b |
Recent financial health updates
No updates
Recent updates
Zhejiang JIULI Hi-tech Metals Co.,Ltd Just Recorded A 21% Revenue Beat: Here's What Analysts Think
May 02
Zhejiang 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¥7.1B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 002318's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥424.3M).
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 29.5% to 16.2% over the past 5 years.
Debt Coverage: 002318's debt is well covered by operating cash flow (164.6%).
Interest Coverage: 002318 earns more interest than it pays, so coverage of interest payments is not a concern.