JinFu Technology Balance Sheet Health
Financial Health criteria checks 6/6
JinFu Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥1.7B and CN¥168.5M respectively. JinFu Technology's EBIT is CN¥127.7M making its interest coverage ratio -17.5. It has cash and short-term investments of CN¥155.3M.
Key information
1.3%
Debt to equity ratio
CN¥20.00m
Debt
Interest coverage ratio | -17.5x |
Cash | CN¥155.28m |
Equity | CN¥1.51b |
Total liabilities | CN¥168.51m |
Total assets | CN¥1.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003018's short term assets (CN¥570.1M) exceed its short term liabilities (CN¥154.2M).
Long Term Liabilities: 003018's short term assets (CN¥570.1M) exceed its long term liabilities (CN¥14.3M).
Debt to Equity History and Analysis
Debt Level: 003018 has more cash than its total debt.
Reducing Debt: 003018's debt to equity ratio has reduced from 13.8% to 1.3% over the past 5 years.
Debt Coverage: 003018's debt is well covered by operating cash flow (985.7%).
Interest Coverage: 003018 earns more interest than it pays, so coverage of interest payments is not a concern.