Jade Bird Fire Balance Sheet Health
Financial Health criteria checks 6/6
Jade Bird Fire has a total shareholder equity of CN¥6.4B and total debt of CN¥510.3M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are CN¥8.3B and CN¥1.9B respectively. Jade Bird Fire's EBIT is CN¥572.5M making its interest coverage ratio -12.8. It has cash and short-term investments of CN¥2.0B.
Key information
7.9%
Debt to equity ratio
CN¥510.33m
Debt
| Interest coverage ratio | -12.8x |
| Cash | CN¥2.05b |
| Equity | CN¥6.42b |
| Total liabilities | CN¥1.91b |
| Total assets | CN¥8.33b |
Recent financial health updates
Recent updates
Is Jade Bird Fire (SZSE:002960) A Risky Investment?
Oct 10
Jade Bird Fire (SZSE:002960) Might Be Having Difficulty Using Its Capital Effectively
Sep 26Is It Too Late To Consider Buying Jade Bird Fire Co., Ltd. (SZSE:002960)?
Aug 20Returns On Capital Signal Tricky Times Ahead For Jade Bird Fire (SZSE:002960)
May 25Why Jade Bird Fire Co., Ltd. (SZSE:002960) Could Be Worth Watching
Apr 18Need To Know: Analysts Just Made A Substantial Cut To Their Jade Bird Fire Co., Ltd. (SZSE:002960) Estimates
Mar 31Jade Bird Fire Co., Ltd.'s (SZSE:002960) Shares Bounce 28% But Its Business Still Trails The Market
Mar 04Are Investors Undervaluing Jade Bird Fire Co., Ltd. (SZSE:002960) By 48%?
Mar 02Financial Position Analysis
Short Term Liabilities: 002960's short term assets (CN¥6.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002960's short term assets (CN¥6.3B) exceed its long term liabilities (CN¥372.2M).
Debt to Equity History and Analysis
Debt Level: 002960 has more cash than its total debt.
Reducing Debt: 002960's debt to equity ratio has reduced from 11.1% to 7.9% over the past 5 years.
Debt Coverage: 002960's debt is well covered by operating cash flow (99.9%).
Interest Coverage: 002960 earns more interest than it pays, so coverage of interest payments is not a concern.