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¥366.2M, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are CN¥3.5B and CN¥1.2B respectively. Jiangyin Haida Rubber And Plastic's EBIT is CN¥190.4M making its interest coverage ratio 17.5. It has cash and short-term investments of CN¥137.4M.
Key information
16.0%
Debt to equity ratio
CN¥366.22m
Debt
| Interest coverage ratio | 17.5x |
| Cash | CN¥137.40m |
| Equity | CN¥2.29b |
| Total liabilities | CN¥1.24b |
| Total assets | CN¥3.53b |
Recent financial health updates
Recent updates
Risks To Shareholder Returns Are Elevated At These Prices For Jiangyin Haida Rubber And Plastic Co., Ltd. (SZSE:300320)
Sep 25
Jiangyin 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¥2.4B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300320's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥60.9M).
Debt to Equity History and Analysis
Debt Level: 300320's net debt to equity ratio (10%) is considered satisfactory.
Reducing Debt: 300320's debt to equity ratio has reduced from 25.6% to 16% over the past 5 years.
Debt Coverage: 300320's debt is well covered by operating cash flow (43%).
Interest Coverage: 300320's interest payments on its debt are well covered by EBIT (17.5x coverage).