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¥252.6M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are CN¥3.3B and CN¥1.0B respectively. Xiamen Jihong Technology's EBIT is CN¥342.5M making its interest coverage ratio -98. It has cash and short-term investments of CN¥801.9M.
Key information
11.1%
Debt to equity ratio
CN¥252.60m
Debt
Interest coverage ratio | -98x |
Cash | CN¥801.86m |
Equity | CN¥2.28b |
Total liabilities | CN¥1.04b |
Total assets | CN¥3.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002803's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥804.3M).
Long Term Liabilities: 002803's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥235.3M).
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 34.7% to 11.1% over the past 5 years.
Debt Coverage: 002803's debt is well covered by operating cash flow (212.3%).
Interest Coverage: 002803 earns more interest than it pays, so coverage of interest payments is not a concern.