Jiamei Food Packaging (Chuzhou) Co.,Ltd

XSEC:002969 Stock Report

Market Cap: CN¥3.1b

Jiamei Food Packaging (Chuzhou)Ltd Balance Sheet Health

Financial Health criteria checks 5/6

Jiamei Food Packaging (Chuzhou)Ltd has a total shareholder equity of CN¥2.3B and total debt of CN¥981.1M, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are CN¥4.2B and CN¥1.9B respectively. Jiamei Food Packaging (Chuzhou)Ltd's EBIT is CN¥276.9M making its interest coverage ratio 5.7. It has cash and short-term investments of CN¥452.9M.

Key information

42.2%

Debt to equity ratio

CN¥981.14m

Debt

Interest coverage ratio5.7x
CashCN¥452.93m
EquityCN¥2.33b
Total liabilitiesCN¥1.85b
Total assetsCN¥4.18b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 002969's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: 002969's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥808.8M).


Debt to Equity History and Analysis

Debt Level: 002969's net debt to equity ratio (22.7%) is considered satisfactory.

Reducing Debt: 002969's debt to equity ratio has increased from 26.1% to 42.2% over the past 5 years.

Debt Coverage: 002969's debt is well covered by operating cash flow (44.1%).

Interest Coverage: 002969's interest payments on its debt are well covered by EBIT (5.7x coverage).


Balance Sheet


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