Zhejiang Jingsheng Mechanical & Electrical Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jingsheng Mechanical & Electrical has a total shareholder equity of CN¥17.6B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥34.6B and CN¥16.9B respectively. Zhejiang Jingsheng Mechanical & Electrical's EBIT is CN¥5.7B making its interest coverage ratio -179.2. It has cash and short-term investments of CN¥2.9B.
Key information
11.3%
Debt to equity ratio
CN¥2.00b
Debt
| Interest coverage ratio | -179.2x |
| Cash | CN¥2.93b |
| Equity | CN¥17.63b |
| Total liabilities | CN¥16.94b |
| Total assets | CN¥34.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300316's short term assets (CN¥24.4B) exceed its short term liabilities (CN¥15.5B).
Long Term Liabilities: 300316's short term assets (CN¥24.4B) exceed its long term liabilities (CN¥1.4B).
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 2.5% to 11.3% over the past 5 years.
Debt Coverage: 300316's debt is well covered by operating cash flow (118%).
Interest Coverage: 300316 earns more interest than it pays, so coverage of interest payments is not a concern.