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
Zhejiang Jiemei Electronic And Technology (SZSE:002859) May Have Issues Allocating Its Capital
Dec 08
Market Still Lacking Some Conviction On Zhejiang Jiemei Electronic And Technology Co., Ltd. (SZSE:002859)
Nov 17Zhejiang 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 05:21 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Jiemei Electronic And Technology Co., Ltd. is covered by 16 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Feng Gao | China Galaxy Securities Co., Ltd. |
| Fan Yan | China Merchants Securities Co. Ltd. |
| Wang Zhe | Citic Securities Co., Ltd. |