Henan Jindan Lactic Acid TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Henan Jindan Lactic Acid TechnologyLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 82.4%. Its total assets and total liabilities are CN¥3.5B and CN¥1.8B respectively. Henan Jindan Lactic Acid TechnologyLtd's EBIT is CN¥160.8M making its interest coverage ratio -56.1. It has cash and short-term investments of CN¥713.5M.
Key information
82.4%
Debt to equity ratio
CN¥1.41b
Debt
Interest coverage ratio | -56.1x |
Cash | CN¥713.49m |
Equity | CN¥1.72b |
Total liabilities | CN¥1.83b |
Total assets | CN¥3.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300829's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥923.9M).
Long Term Liabilities: 300829's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥910.2M).
Debt to Equity History and Analysis
Debt Level: 300829's net debt to equity ratio (40.8%) is considered high.
Reducing Debt: 300829's debt to equity ratio has increased from 57% to 82.4% over the past 5 years.
Debt Coverage: 300829's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 300829 earns more interest than it pays, so coverage of interest payments is not a concern.