Jiuzhitang Balance Sheet Health
Financial Health criteria checks 5/6
Jiuzhitang has a total shareholder equity of CN¥3.9B and total debt of CN¥114.9M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are CN¥5.3B and CN¥1.4B respectively. Jiuzhitang's EBIT is CN¥281.2M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥903.9M.
Key information
2.9%
Debt to equity ratio
CN¥114.85m
Debt
| Interest coverage ratio | -7.2x |
| Cash | CN¥903.92m |
| Equity | CN¥3.95b |
| Total liabilities | CN¥1.38b |
| Total assets | CN¥5.33b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000989's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 000989's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥93.5M).
Debt to Equity History and Analysis
Debt Level: 000989 has more cash than its total debt.
Reducing Debt: 000989's debt to equity ratio has increased from 0% to 2.9% over the past 5 years.
Debt Coverage: 000989's debt is well covered by operating cash flow (94.6%).
Interest Coverage: 000989 earns more interest than it pays, so coverage of interest payments is not a concern.