Xiamen Jihong Technology Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen Jihong Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥267.6M, which brings its debt-to-equity ratio to 12%. Its total assets and total liabilities are CN¥3.2B and CN¥1.0B respectively. Xiamen Jihong Technology's EBIT is CN¥158.9M making its interest coverage ratio -17.2. It has cash and short-term investments of CN¥792.9M.
Key information
12.0%
Debt to equity ratio
CN¥267.62m
Debt
| Interest coverage ratio | -17.2x |
| Cash | CN¥792.94m |
| Equity | CN¥2.23b |
| Total liabilities | CN¥1.02b |
| Total assets | CN¥3.25b |
Recent financial health updates
Recent updates
Xiamen Jihong Technology (SZSE:002803) Seems To Use Debt Quite Sensibly
Nov 22
We Think You Can Look Beyond Xiamen Jihong Technology's (SZSE:002803) Lackluster Earnings
Nov 06What Does Xiamen Jihong Technology Co., Ltd.'s (SZSE:002803) Share Price Indicate?
Oct 14Even With A 32% Surge, Cautious Investors Are Not Rewarding Xiamen Jihong Technology Co., Ltd.'s (SZSE:002803) Performance Completely
Sep 30Xiamen Jihong Technology Co., Ltd.'s (SZSE:002803) Intrinsic Value Is Potentially 67% Above Its Share Price
Sep 20At CN¥11.00, Is Xiamen Jihong Technology Co., Ltd. (SZSE:002803) Worth Looking At Closely?
Jun 26Investors Aren't Buying Xiamen Jihong Technology Co., Ltd.'s (SZSE:002803) Earnings
Jun 08Shareholders Will Be Pleased With The Quality of Xiamen Jihong Technology's (SZSE:002803) Earnings
Apr 05Market Might Still Lack Some Conviction On Xiamen Jihong Technology Co., Ltd. (SZSE:002803) Even After 28% Share Price Boost
Mar 06Xiamen Jihong Technology (SZSE:002803) Might Be Having Difficulty Using Its Capital Effectively
Feb 27Financial Position Analysis
Short Term Liabilities: 002803's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥801.6M).
Long Term Liabilities: 002803's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥218.7M).
Debt to Equity History and Analysis
Debt Level: 002803 has more cash than its total debt.
Reducing Debt: 002803's debt to equity ratio has reduced from 22.2% to 12% over the past 5 years.
Debt Coverage: 002803's debt is well covered by operating cash flow (224.2%).
Interest Coverage: 002803 earns more interest than it pays, so coverage of interest payments is not a concern.