Anhui Jinhe IndustrialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Anhui Jinhe IndustrialLtd has a total shareholder equity of CN¥7.1B and total debt of CN¥901.2M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are CN¥9.7B and CN¥2.6B respectively. Anhui Jinhe IndustrialLtd's EBIT is CN¥741.3M making its interest coverage ratio -15.1. It has cash and short-term investments of CN¥3.1B.
Key information
12.6%
Debt to equity ratio
CN¥901.18m
Debt
Interest coverage ratio | -15.1x |
Cash | CN¥3.06b |
Equity | CN¥7.14b |
Total liabilities | CN¥2.57b |
Total assets | CN¥9.71b |
Financial Position Analysis
Short Term Liabilities: 002597's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002597's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥577.5M).
Debt to Equity History and Analysis
Debt Level: 002597 has more cash than its total debt.
Reducing Debt: 002597's debt to equity ratio has reduced from 16.6% to 12.6% over the past 5 years.
Debt Coverage: 002597's debt is well covered by operating cash flow (136.9%).
Interest Coverage: 002597 earns more interest than it pays, so coverage of interest payments is not a concern.