Shanghai Jin Jiang Online Network Service Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Jin Jiang Online Network Service has a total shareholder equity of CN¥4.2B and total debt of CN¥60.5M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥5.1B and CN¥915.9M respectively. Shanghai Jin Jiang Online Network Service's EBIT is CN¥1.6M making its interest coverage ratio -0. It has cash and short-term investments of CN¥1.7B.
Key information
1.5%
Debt to equity ratio
CN¥60.46m
Debt
Interest coverage ratio | -0.01x |
Cash | CN¥1.68b |
Equity | CN¥4.15b |
Total liabilities | CN¥915.93m |
Total assets | CN¥5.07b |
Financial Position Analysis
Short Term Liabilities: 600650's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥565.3M).
Long Term Liabilities: 600650's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥350.6M).
Debt to Equity History and Analysis
Debt Level: 600650 has more cash than its total debt.
Reducing Debt: 600650's debt to equity ratio has increased from 1.2% to 1.5% over the past 5 years.
Debt Coverage: 600650's debt is well covered by operating cash flow (407.4%).
Interest Coverage: 600650 earns more interest than it pays, so coverage of interest payments is not a concern.