Henan Jindan Lactic Acid TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Henan Jindan Lactic Acid TechnologyLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 68.5%. Its total assets and total liabilities are CN¥3.4B and CN¥1.6B respectively. Henan Jindan Lactic Acid TechnologyLtd's EBIT is CN¥94.8M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥548.6M.
Key information
68.5%
Debt to equity ratio
CN¥1.25b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥548.63m |
| Equity | CN¥1.82b |
| Total liabilities | CN¥1.62b |
| Total assets | CN¥3.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300829's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥754.0M).
Long Term Liabilities: 300829's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥868.7M).
Debt to Equity History and Analysis
Debt Level: 300829's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: 300829's debt to equity ratio has increased from 50.6% to 68.5% over the past 5 years.
Debt Coverage: 300829's debt is not well covered by operating cash flow (8.9%).
Interest Coverage: 300829's interest payments on its debt are well covered by EBIT (3.5x coverage).