Zhejiang Jiecang Linear Motion TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jiecang Linear Motion TechnologyLtd has a total shareholder equity of CN¥4.2B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 26.3%. Its total assets and total liabilities are CN¥6.3B and CN¥2.1B respectively. Zhejiang Jiecang Linear Motion TechnologyLtd's EBIT is CN¥325.8M making its interest coverage ratio -25.7. It has cash and short-term investments of CN¥1.8B.
Key information
26.3%
Debt to equity ratio
CN¥1.10b
Debt
| Interest coverage ratio | -25.7x |
| Cash | CN¥1.77b |
| Equity | CN¥4.18b |
| Total liabilities | CN¥2.14b |
| Total assets | CN¥6.32b |
Recent financial health updates
No updates
Recent updates
There May Be Some Bright Spots In Zhejiang Jiecang Linear Motion TechnologyLtd's (SHSE:603583) Earnings
May 01
Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583) Looks Just Right With A 26% Price Jump
Apr 25Is There Now An Opportunity In Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583)?
Apr 12The Market Lifts Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583) Shares 30% But It Can Do More
Mar 06Zhejiang Jiecang Linear Motion TechnologyLtd (SHSE:603583) Will Be Hoping To Turn Its Returns On Capital Around
Feb 28Financial Position Analysis
Short Term Liabilities: 603583's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603583's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥315.0M).
Debt to Equity History and Analysis
Debt Level: 603583 has more cash than its total debt.
Reducing Debt: 603583's debt to equity ratio has increased from 0% to 26.3% over the past 5 years.
Debt Coverage: 603583's debt is well covered by operating cash flow (59.6%).
Interest Coverage: 603583 earns more interest than it pays, so coverage of interest payments is not a concern.