Shenzhen Jdd Tech New Material Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Jdd Tech New Material has a total shareholder equity of CN¥1.2B and total debt of CN¥37.3M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are CN¥1.4B and CN¥187.7M respectively. Shenzhen Jdd Tech New Material's EBIT is CN¥177.2M making its interest coverage ratio -116.9. It has cash and short-term investments of CN¥628.9M.
Key information
3.2%
Debt to equity ratio
CN¥37.33m
Debt
Interest coverage ratio | -116.9x |
Cash | CN¥628.94m |
Equity | CN¥1.18b |
Total liabilities | CN¥187.74m |
Total assets | CN¥1.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301538's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥165.2M).
Long Term Liabilities: 301538's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥22.6M).
Debt to Equity History and Analysis
Debt Level: 301538 has more cash than its total debt.
Reducing Debt: 301538's debt to equity ratio has increased from 1.1% to 3.2% over the past 5 years.
Debt Coverage: 301538's debt is well covered by operating cash flow (356.7%).
Interest Coverage: 301538 earns more interest than it pays, so coverage of interest payments is not a concern.