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 25.4%. Its total assets and total liabilities are CN¥6.4B and CN¥2.2B respectively. Zhejiang Jiecang Linear Motion TechnologyLtd's EBIT is CN¥362.8M making its interest coverage ratio -21.8. It has cash and short-term investments of CN¥2.5B.
Key information
25.4%
Debt to equity ratio
CN¥1.07b
Debt
| Interest coverage ratio | -21.8x |
| Cash | CN¥2.55b |
| Equity | CN¥4.23b |
| Total liabilities | CN¥2.17b |
| Total assets | CN¥6.39b |
Recent financial health updates
Recent updates
Investors Continue Waiting On Sidelines For Zhejiang Jiecang Linear Motion Technology Co.,Ltd. (SHSE:603583)
Sep 12
Here's What's Concerning About Zhejiang Jiecang Linear Motion TechnologyLtd's (SHSE:603583) Returns On Capital
Aug 08Is Zhejiang Jiecang Linear Motion TechnologyLtd (SHSE:603583) A Risky Investment?
Jun 06There May Be Some Bright Spots In Zhejiang Jiecang Linear Motion TechnologyLtd's (SHSE:603583) Earnings
May 01Zhejiang 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¥2.0B).
Long Term Liabilities: 603583's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥136.8M).
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 25.4% over the past 5 years.
Debt Coverage: 603583's debt is well covered by operating cash flow (69.6%).
Interest Coverage: 603583 earns more interest than it pays, so coverage of interest payments is not a concern.