Jiamei Food Packaging (Chuzhou)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Jiamei Food Packaging (Chuzhou)Ltd has a total shareholder equity of CN¥2.3B and total debt of CN¥899.0M, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are CN¥4.1B and CN¥1.7B respectively. Jiamei Food Packaging (Chuzhou)Ltd's EBIT is CN¥289.8M making its interest coverage ratio 6. It has cash and short-term investments of CN¥370.2M.
Key information
38.3%
Debt to equity ratio
CN¥899.04m
Debt
Interest coverage ratio | 6x |
Cash | CN¥370.15m |
Equity | CN¥2.34b |
Total liabilities | CN¥1.73b |
Total assets | CN¥4.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002969's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥920.7M).
Long Term Liabilities: 002969's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥807.5M).
Debt to Equity History and Analysis
Debt Level: 002969's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: 002969's debt to equity ratio has reduced from 63.1% to 38.3% over the past 5 years.
Debt Coverage: 002969's debt is well covered by operating cash flow (55.8%).
Interest Coverage: 002969's interest payments on its debt are well covered by EBIT (6x coverage).