Zhengzhou Jiean Hi-TechLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhengzhou Jiean Hi-TechLtd has a total shareholder equity of CN¥796.5M and total debt of CN¥2.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥949.6M and CN¥153.1M respectively. Zhengzhou Jiean Hi-TechLtd's EBIT is CN¥51.6M making its interest coverage ratio -31.1. It has cash and short-term investments of CN¥234.7M.
Key information
0.3%
Debt to equity ratio
CN¥2.00m
Debt
Interest coverage ratio | -31.1x |
Cash | CN¥234.68m |
Equity | CN¥796.53m |
Total liabilities | CN¥153.10m |
Total assets | CN¥949.63m |
Financial Position Analysis
Short Term Liabilities: 300845's short term assets (CN¥604.2M) exceed its short term liabilities (CN¥152.5M).
Long Term Liabilities: 300845's short term assets (CN¥604.2M) exceed its long term liabilities (CN¥555.3K).
Debt to Equity History and Analysis
Debt Level: 300845 has more cash than its total debt.
Reducing Debt: 300845's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: 300845's debt is well covered by operating cash flow (4604.7%).
Interest Coverage: 300845 earns more interest than it pays, so coverage of interest payments is not a concern.