Zhejiang Jinke Tom Culture Industry Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jinke Tom Culture Industry has a total shareholder equity of CN¥3.4B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 46.9%. Its total assets and total liabilities are CN¥5.4B and CN¥1.9B respectively. Zhejiang Jinke Tom Culture Industry's EBIT is CN¥224.8M making its interest coverage ratio 2. It has cash and short-term investments of CN¥484.7M.
Key information
46.9%
Debt to equity ratio
CN¥1.61b
Debt
| Interest coverage ratio | 2x |
| Cash | CN¥484.74m |
| Equity | CN¥3.43b |
| Total liabilities | CN¥1.93b |
| Total assets | CN¥5.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300459's short term assets (CN¥797.5M) do not cover its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300459's short term assets (CN¥797.5M) exceed its long term liabilities (CN¥428.6M).
Debt to Equity History and Analysis
Debt Level: 300459's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: 300459's debt to equity ratio has reduced from 49.6% to 46.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 300459 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300459 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 10.6% per year.