Jiangxi Wannianqing Cement Balance Sheet Health
Financial Health criteria checks 4/6
Jiangxi Wannianqing Cement has a total shareholder equity of CN¥10.3B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 23.5%. Its total assets and total liabilities are CN¥16.4B and CN¥6.1B respectively. Jiangxi Wannianqing Cement's EBIT is CN¥30.0M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥4.1B.
Key information
23.5%
Debt to equity ratio
CN¥2.42b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥4.14b |
| Equity | CN¥10.32b |
| Total liabilities | CN¥6.08b |
| Total assets | CN¥16.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000789's short term assets (CN¥7.1B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 000789's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 000789 has more cash than its total debt.
Reducing Debt: 000789's debt to equity ratio has increased from 15.4% to 23.5% over the past 5 years.
Debt Coverage: 000789's debt is well covered by operating cash flow (26.5%).
Interest Coverage: 000789's interest payments on its debt are not well covered by EBIT (2.1x coverage).