Jiangyin Zhongnan Heavy IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangyin Zhongnan Heavy IndustriesLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥47.2M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥2.8B and CN¥559.8M respectively. Jiangyin Zhongnan Heavy IndustriesLtd's EBIT is CN¥79.1M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥1.1B.
Key information
2.1%
Debt to equity ratio
CN¥47.22m
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥1.12b |
| Equity | CN¥2.26b |
| Total liabilities | CN¥559.76m |
| Total assets | CN¥2.82b |
Recent financial health updates
No updates
Recent updates
Jiangyin Zhongnan Heavy Industries Co.,Ltd (SZSE:002445) Stocks Shoot Up 39% But Its P/S Still Looks Reasonable
Oct 08
Jiangyin Zhongnan Heavy IndustriesLtd's (SZSE:002445) Promising Earnings May Rest On Soft Foundations
Apr 25Slowing Rates Of Return At Jiangyin Zhongnan Heavy IndustriesLtd (SZSE:002445) Leave Little Room For Excitement
Apr 17Financial Position Analysis
Short Term Liabilities: 002445's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥456.3M).
Long Term Liabilities: 002445's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥103.5M).
Debt to Equity History and Analysis
Debt Level: 002445 has more cash than its total debt.
Reducing Debt: 002445's debt to equity ratio has reduced from 92.1% to 2.1% over the past 5 years.
Debt Coverage: 002445's debt is well covered by operating cash flow (288.3%).
Interest Coverage: 002445 earns more interest than it pays, so coverage of interest payments is not a concern.