Jiangyin Zhongnan Heavy IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangyin Zhongnan Heavy IndustriesLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥39.1M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are CN¥2.5B and CN¥366.9M respectively. Jiangyin Zhongnan Heavy IndustriesLtd's EBIT is CN¥73.1M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥1.0B.
Key information
1.8%
Debt to equity ratio
CN¥39.07m
Debt
| Interest coverage ratio | -3.3x |
| Cash | CN¥1.01b |
| Equity | CN¥2.18b |
| Total liabilities | CN¥366.86m |
| Total assets | CN¥2.54b |
Financial Position Analysis
Short Term Liabilities: 002445's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥302.4M).
Long Term Liabilities: 002445's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥64.5M).
Debt to Equity History and Analysis
Debt Level: 002445 has more cash than its total debt.
Reducing Debt: 002445's debt to equity ratio has reduced from 73.6% to 1.8% over the past 5 years.
Debt Coverage: 002445's debt is well covered by operating cash flow (192.2%).
Interest Coverage: 002445 earns more interest than it pays, so coverage of interest payments is not a concern.