Zhejiang Jiemei Electronic And Technology Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Jiemei Electronic And Technology has a total shareholder equity of CN¥3.0B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 77.2%. Its total assets and total liabilities are CN¥5.9B and CN¥3.0B respectively. Zhejiang Jiemei Electronic And Technology's EBIT is CN¥311.3M making its interest coverage ratio -258.8. It has cash and short-term investments of CN¥490.1M.
Key information
77.2%
Debt to equity ratio
CN¥2.30b
Debt
| Interest coverage ratio | -258.8x |
| Cash | CN¥490.12m |
| Equity | CN¥2.98b |
| Total liabilities | CN¥2.97b |
| Total assets | CN¥5.95b |
Recent financial health updates
Recent updates
Market Still Lacking Some Conviction On Zhejiang Jiemei Electronic And Technology Co., Ltd. (SZSE:002859)
Nov 17
Zhejiang Jiemei Electronic And Technology (SZSE:002859) Has A Pretty Healthy Balance Sheet
Sep 08Zhejiang Jiemei Electronic And Technology (SZSE:002859) Is Reinvesting At Lower Rates Of Return
Aug 08The Price Is Right For Zhejiang Jiemei Electronic And Technology Co., Ltd. (SZSE:002859)
Jun 17Investors Could Be Concerned With Zhejiang Jiemei Electronic And Technology's (SZSE:002859) Returns On Capital
May 07Is Zhejiang Jiemei Electronic And Technology Co., Ltd. (SZSE:002859) Expensive For A Reason? A Look At Its Intrinsic Value
Mar 17Financial Position Analysis
Short Term Liabilities: 002859's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002859's short term assets (CN¥1.6B) do not cover its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 002859's net debt to equity ratio (60.7%) is considered high.
Reducing Debt: 002859's debt to equity ratio has increased from 13.5% to 77.2% over the past 5 years.
Debt Coverage: 002859's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: 002859 earns more interest than it pays, so coverage of interest payments is not a concern.