Jiangxi Salt Industry Group Balance Sheet Health
Financial Health criteria checks 6/6
Jiangxi Salt Industry Group has a total shareholder equity of CN¥4.3B and total debt of CN¥6.0M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥5.6B and CN¥1.3B respectively. Jiangxi Salt Industry Group's EBIT is CN¥571.1M making its interest coverage ratio -111.9. It has cash and short-term investments of CN¥1.2B.
Key information
0.1%
Debt to equity ratio
CN¥6.04m
Debt
| Interest coverage ratio | -111.9x |
| Cash | CN¥1.23b |
| Equity | CN¥4.32b |
| Total liabilities | CN¥1.30b |
| Total assets | CN¥5.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601065's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 601065's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥108.9M).
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 71.6% to 0.1% over the past 5 years.
Debt Coverage: 601065's debt is well covered by operating cash flow (16848.7%).
Interest Coverage: 601065 earns more interest than it pays, so coverage of interest payments is not a concern.