Jiangyin Haida Rubber And Plastic Balance Sheet Health
Financial Health criteria checks 6/6
Jiangyin Haida Rubber And Plastic has a total shareholder equity of CN¥2.3B and total debt of CN¥369.8M, which brings its debt-to-equity ratio to 15.9%. Its total assets and total liabilities are CN¥3.6B and CN¥1.3B respectively. Jiangyin Haida Rubber And Plastic's EBIT is CN¥205.1M making its interest coverage ratio 18.3. It has cash and short-term investments of CN¥168.9M.
Key information
15.9%
Debt to equity ratio
CN¥369.84m
Debt
| Interest coverage ratio | 18.3x |
| Cash | CN¥168.89m |
| Equity | CN¥2.33b |
| Total liabilities | CN¥1.32b |
| Total assets | CN¥3.65b |
Recent financial health updates
Is Jiangyin Haida Rubber And Plastic (SZSE:300320) A Risky Investment?
Oct 15
These 4 Measures Indicate That Jiangyin Haida Rubber And Plastic (SZSE:300320) Is Using Debt Reasonably Well
Apr 23Recent updates
Subdued Growth No Barrier To Jiangyin Haida Rubber And Plastic Co., Ltd. (SZSE:300320) With Shares Advancing 30%
Nov 11Is Jiangyin Haida Rubber And Plastic (SZSE:300320) A Risky Investment?
Oct 15Risks To Shareholder Returns Are Elevated At These Prices For Jiangyin Haida Rubber And Plastic Co., Ltd. (SZSE:300320)
Sep 25Jiangyin Haida Rubber And Plastic Co., Ltd.'s (SZSE:300320) 29% Price Boost Is Out Of Tune With Earnings
May 13These 4 Measures Indicate That Jiangyin Haida Rubber And Plastic (SZSE:300320) Is Using Debt Reasonably Well
Apr 23Jiangyin Haida Rubber And Plastic Co., Ltd.'s (SZSE:300320) 27% Share Price Surge Not Quite Adding Up
Mar 07Financial Position Analysis
Short Term Liabilities: 300320's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300320's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥132.3M).
Debt to Equity History and Analysis
Debt Level: 300320's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: 300320's debt to equity ratio has reduced from 24% to 15.9% over the past 5 years.
Debt Coverage: 300320's debt is well covered by operating cash flow (62.6%).
Interest Coverage: 300320's interest payments on its debt are well covered by EBIT (18.3x coverage).