Zhejiang Jinsheng New MaterialsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Jinsheng New MaterialsLtd has a total shareholder equity of CN¥622.3M and total debt of CN¥70.6M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥762.8M and CN¥140.5M respectively.
Key information
11.3%
Debt to equity ratio
CN¥70.59m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥145.70m |
| Equity | CN¥622.28m |
| Total liabilities | CN¥140.51m |
| Total assets | CN¥762.78m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300849's short term assets (CN¥334.8M) exceed its short term liabilities (CN¥120.1M).
Long Term Liabilities: 300849's short term assets (CN¥334.8M) exceed its long term liabilities (CN¥20.4M).
Debt to Equity History and Analysis
Debt Level: 300849 has more cash than its total debt.
Reducing Debt: 300849's debt to equity ratio has increased from 1.7% to 11.3% over the past 5 years.
Debt Coverage: 300849's debt is well covered by operating cash flow (30.8%).
Interest Coverage: Insufficient data to determine if 300849's interest payments on its debt are well covered by EBIT.