Jiangxi Wannianqing Cement Balance Sheet Health
Financial Health criteria checks 6/6
Jiangxi Wannianqing Cement has a total shareholder equity of CN¥10.4B 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¥16.5B and CN¥6.1B respectively. Jiangxi Wannianqing Cement's EBIT is CN¥363.6M making its interest coverage ratio 78.4. It has cash and short-term investments of CN¥3.9B.
Key information
23.5%
Debt to equity ratio
CN¥2.44b
Debt
Interest coverage ratio | 78.4x |
Cash | CN¥3.89b |
Equity | CN¥10.39b |
Total liabilities | CN¥6.15b |
Total assets | CN¥16.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000789's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 000789's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥2.8B).
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 reduced from 27.3% to 23.5% over the past 5 years.
Debt Coverage: 000789's debt is well covered by operating cash flow (29.4%).
Interest Coverage: 000789's interest payments on its debt are well covered by EBIT (78.4x coverage).