Zhejiang Jiemei Electronic And Technology Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Jiemei Electronic And Technology has a total shareholder equity of CN¥2.9B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 72.5%. Its total assets and total liabilities are CN¥5.4B and CN¥2.5B respectively. Zhejiang Jiemei Electronic And Technology's EBIT is CN¥315.1M making its interest coverage ratio 36. It has cash and short-term investments of CN¥664.4M.
Key information
72.5%
Debt to equity ratio
CN¥2.11b
Debt
| Interest coverage ratio | 36x |
| Cash | CN¥664.42m |
| Equity | CN¥2.91b |
| Total liabilities | CN¥2.51b |
| Total assets | CN¥5.42b |
Recent financial health updates
No updates
Recent updates
Zhejiang Jiemei Electronic And Technology (SZSE:002859) Is Reinvesting At Lower Rates Of Return
Aug 08
The 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¥1.7B) exceed its short term liabilities (CN¥944.4M).
Long Term Liabilities: 002859's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 002859's net debt to equity ratio (49.7%) is considered high.
Reducing Debt: 002859's debt to equity ratio has increased from 14% to 72.5% over the past 5 years.
Debt Coverage: 002859's debt is not well covered by operating cash flow (14%).
Interest Coverage: 002859's interest payments on its debt are well covered by EBIT (36x coverage).