Zhejiang Jingsheng Mechanical & Electrical Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jingsheng Mechanical & Electrical has a total shareholder equity of CN¥17.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 10.4%. Its total assets and total liabilities are CN¥36.7B and CN¥19.2B respectively. Zhejiang Jingsheng Mechanical & Electrical's EBIT is CN¥6.2B making its interest coverage ratio -196.5. It has cash and short-term investments of CN¥3.5B.
Key information
10.4%
Debt to equity ratio
CN¥1.82b
Debt
Interest coverage ratio | -196.5x |
Cash | CN¥3.53b |
Equity | CN¥17.53b |
Total liabilities | CN¥19.19b |
Total assets | CN¥36.72b |
Recent financial health updates
Recent updates
Is There An Opportunity With Zhejiang Jingsheng Mechanical & Electrical Co., Ltd.'s (SZSE:300316) 44% Undervaluation?
Jul 21These 4 Measures Indicate That Zhejiang Jingsheng Mechanical & Electrical (SZSE:300316) Is Using Debt Reasonably Well
Jul 05There Is A Reason Zhejiang Jingsheng Mechanical & Electrical Co., Ltd.'s (SZSE:300316) Price Is Undemanding
Jun 05Zhejiang Jingsheng Mechanical & Electrical (SZSE:300316) Has Announced That It Will Be Increasing Its Dividend To CN¥0.70
May 21Zhejiang Jingsheng Mechanical & Electrical's (SZSE:300316) Shareholders May Want To Dig Deeper Than Statutory Profit
Apr 21CN¥40.58: That's What Analysts Think Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (SZSE:300316) Is Worth After Its Latest Results
Apr 17Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (SZSE:300316) Shares Could Be 38% Below Their Intrinsic Value Estimate
Mar 27Zhejiang Jingsheng Mechanical & Electrical Co., Ltd.'s (SZSE:300316) Prospects Need A Boost To Lift Shares
Feb 29Financial Position Analysis
Short Term Liabilities: 300316's short term assets (CN¥26.7B) exceed its short term liabilities (CN¥18.0B).
Long Term Liabilities: 300316's short term assets (CN¥26.7B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 300316 has more cash than its total debt.
Reducing Debt: 300316's debt to equity ratio has increased from 2.7% to 10.4% over the past 5 years.
Debt Coverage: 300316's debt is well covered by operating cash flow (152.5%).
Interest Coverage: 300316 earns more interest than it pays, so coverage of interest payments is not a concern.