Jiangxi Salt Industry Group Balance Sheet Health
Financial Health criteria checks 6/6
Jiangxi Salt Industry Group has a total shareholder equity of CN¥4.2B and total debt of CN¥64.8M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥5.7B and CN¥1.5B respectively. Jiangxi Salt Industry Group's EBIT is CN¥599.3M making its interest coverage ratio -146.9. It has cash and short-term investments of CN¥1.3B.
Key information
1.5%
Debt to equity ratio
CN¥64.80m
Debt
| Interest coverage ratio | -146.9x |
| Cash | CN¥1.27b |
| Equity | CN¥4.23b |
| Total liabilities | CN¥1.48b |
| Total assets | CN¥5.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601065's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 601065's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥172.9M).
Debt to Equity History and Analysis
Debt Level: 601065 has more cash than its total debt.
Reducing Debt: 601065's debt to equity ratio has reduced from 71.2% to 1.5% over the past 5 years.
Debt Coverage: 601065's debt is well covered by operating cash flow (1648.8%).
Interest Coverage: 601065 earns more interest than it pays, so coverage of interest payments is not a concern.