Jiangsu Favored Nanotechnology Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Favored Nanotechnology has a total shareholder equity of CN¥1.9B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.0B and CN¥122.1M respectively. Jiangsu Favored Nanotechnology's EBIT is CN¥6.3M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥722.7M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥722.66m |
| Equity | CN¥1.90b |
| Total liabilities | CN¥122.14m |
| Total assets | CN¥2.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688371's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥119.7M).
Long Term Liabilities: 688371's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥2.4M).
Debt to Equity History and Analysis
Debt Level: 688371 is debt free.
Reducing Debt: 688371 has no debt compared to 5 years ago when its debt to equity ratio was 7.8%.
Debt Coverage: 688371 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 688371 has no debt, therefore coverage of interest payments is not a concern.