Xiamen Jihong Technology Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen Jihong Technology has a total shareholder equity of CN¥2.3B and total debt of CN¥258.6M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are CN¥3.6B and CN¥1.3B respectively. Xiamen Jihong Technology's EBIT is CN¥341.4M making its interest coverage ratio -133.1. It has cash and short-term investments of CN¥1.1B.
Key information
11.2%
Debt to equity ratio
CN¥258.62m
Debt
| Interest coverage ratio | -133.1x |
| Cash | CN¥1.15b |
| Equity | CN¥2.31b |
| Total liabilities | CN¥1.27b |
| Total assets | CN¥3.59b |
Recent financial health updates
No updates
Recent updates
Shareholders Will Be Pleased With The Quality of Xiamen Jihong Technology's (SZSE:002803) Earnings
Apr 05
Market 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¥2.3B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002803's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥256.7M).
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 36.2% to 11.2% over the past 5 years.
Debt Coverage: 002803's debt is well covered by operating cash flow (207.4%).
Interest Coverage: 002803 earns more interest than it pays, so coverage of interest payments is not a concern.