Jiamei Food Packaging (Chuzhou)Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Jiamei Food Packaging (Chuzhou)Ltd has a total shareholder equity of CN¥2.3B and total debt of CN¥981.1M, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are CN¥4.2B and CN¥1.9B respectively. Jiamei Food Packaging (Chuzhou)Ltd's EBIT is CN¥276.9M making its interest coverage ratio 5.7. It has cash and short-term investments of CN¥452.9M.
Key information
42.2%
Debt to equity ratio
CN¥981.14m
Debt
| Interest coverage ratio | 5.7x |
| Cash | CN¥452.93m |
| Equity | CN¥2.33b |
| Total liabilities | CN¥1.85b |
| Total assets | CN¥4.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002969's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002969's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥808.8M).
Debt to Equity History and Analysis
Debt Level: 002969's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: 002969's debt to equity ratio has increased from 26.1% to 42.2% over the past 5 years.
Debt Coverage: 002969's debt is well covered by operating cash flow (44.1%).
Interest Coverage: 002969's interest payments on its debt are well covered by EBIT (5.7x coverage).