Zhejiang Jinke Tom Culture Industry Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Jinke Tom Culture Industry has a total shareholder equity of CN¥3.2B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 58.2%. Its total assets and total liabilities are CN¥5.2B and CN¥2.1B respectively. Zhejiang Jinke Tom Culture Industry's EBIT is CN¥301.2M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥601.5M.
Key information
58.2%
Debt to equity ratio
CN¥1.84b
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥601.54m |
Equity | CN¥3.16b |
Total liabilities | CN¥2.05b |
Total assets | CN¥5.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300459's short term assets (CN¥899.8M) do not cover its short term liabilities (CN¥1.6B).
Long Term Liabilities: 300459's short term assets (CN¥899.8M) exceed its long term liabilities (CN¥453.0M).
Debt to Equity History and Analysis
Debt Level: 300459's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: 300459's debt to equity ratio has reduced from 77.5% to 58.2% over the past 5 years.
Debt Coverage: 300459's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: 300459's interest payments on its debt are not well covered by EBIT (2.7x coverage).