Jiangsu ToLand AlloyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu ToLand AlloyLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥80.0M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are CN¥2.3B and CN¥350.9M respectively. Jiangsu ToLand AlloyLtd's EBIT is CN¥375.7M making its interest coverage ratio -1042.1. It has cash and short-term investments of CN¥251.4M.
Key information
4.2%
Debt to equity ratio
CN¥80.00m
Debt
| Interest coverage ratio | -1042.1x |
| Cash | CN¥251.36m |
| Equity | CN¥1.92b |
| Total liabilities | CN¥350.87m |
| Total assets | CN¥2.27b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Jiangsu ToLand AlloyLtd (SZSE:300855) Is Using Debt Reasonably Well
Aug 13
Here's What To Make Of Jiangsu ToLand AlloyLtd's (SZSE:300855) Decelerating Rates Of Return
Jun 19Why We're Not Concerned About Jiangsu ToLand Alloy Co.,Ltd's (SZSE:300855) Share Price
May 09With EPS Growth And More, Jiangsu ToLand AlloyLtd (SZSE:300855) Makes An Interesting Case
Apr 03Financial Position Analysis
Short Term Liabilities: 300855's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥228.9M).
Long Term Liabilities: 300855's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥122.0M).
Debt to Equity History and Analysis
Debt Level: 300855 has more cash than its total debt.
Reducing Debt: 300855's debt to equity ratio has reduced from 28.7% to 4.2% over the past 5 years.
Debt Coverage: 300855's debt is well covered by operating cash flow (344.3%).
Interest Coverage: 300855 earns more interest than it pays, so coverage of interest payments is not a concern.