Zhejiang Jingxing Paper Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Jingxing Paper has a total shareholder equity of CN¥5.6B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are CN¥8.4B and CN¥2.8B respectively. Zhejiang Jingxing Paper's EBIT is CN¥100.1M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥1.2B.
Key information
36.4%
Debt to equity ratio
CN¥2.03b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥1.21b |
| Equity | CN¥5.58b |
| Total liabilities | CN¥2.80b |
| Total assets | CN¥8.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002067's short term assets (CN¥3.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002067's short term assets (CN¥3.3B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002067's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: 002067's debt to equity ratio has increased from 31.6% to 36.4% over the past 5 years.
Debt Coverage: 002067's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002067's interest payments on its debt are not well covered by EBIT (2.5x coverage).