Zhejiang Jiemei Electronic And Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Jiemei Electronic And Technology has a total shareholder equity of CN¥3.0B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 55.9%. Its total assets and total liabilities are CN¥5.2B and CN¥2.2B respectively. Zhejiang Jiemei Electronic And Technology's EBIT is CN¥272.8M making its interest coverage ratio -83.1. It has cash and short-term investments of CN¥569.7M.
Key information
55.9%
Debt to equity ratio
CN¥1.67b
Debt
Interest coverage ratio | -83.1x |
Cash | CN¥569.71m |
Equity | CN¥2.98b |
Total liabilities | CN¥2.17b |
Total assets | CN¥5.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002859's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥892.6M).
Long Term Liabilities: 002859's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002859's net debt to equity ratio (36.8%) is considered satisfactory.
Reducing Debt: 002859's debt to equity ratio has increased from 15.6% to 55.9% over the past 5 years.
Debt Coverage: 002859's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: 002859 earns more interest than it pays, so coverage of interest payments is not a concern.