Jinan High-tech Development Balance Sheet Health
Financial Health criteria checks 4/6
Jinan High-tech Development has a total shareholder equity of CN¥778.2M and total debt of CN¥560.2M, which brings its debt-to-equity ratio to 72%. Its total assets and total liabilities are CN¥3.4B and CN¥2.6B respectively. Jinan High-tech Development's EBIT is CN¥196.6M making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥245.7M.
Key information
72.0%
Debt to equity ratio
CN¥560.25m
Debt
Interest coverage ratio | -0.7x |
Cash | CN¥245.70m |
Equity | CN¥778.21m |
Total liabilities | CN¥2.62b |
Total assets | CN¥3.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600807's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 600807's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥398.1M).
Debt to Equity History and Analysis
Debt Level: 600807's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: 600807's debt to equity ratio has reduced from 419.2% to 72% over the past 5 years.
Debt Coverage: 600807's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600807 earns more interest than it pays, so coverage of interest payments is not a concern.