Shenzhen Jove Enterprise Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Jove Enterprise has a total shareholder equity of CN¥1.2B and total debt of CN¥622.0M, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are CN¥2.3B and CN¥1.1B respectively. Shenzhen Jove Enterprise's EBIT is CN¥14.7M making its interest coverage ratio 24. It has cash and short-term investments of CN¥384.4M.
Key information
53.1%
Debt to equity ratio
CN¥622.01m
Debt
Interest coverage ratio | 24x |
Cash | CN¥384.36m |
Equity | CN¥1.17b |
Total liabilities | CN¥1.08b |
Total assets | CN¥2.25b |
Recent financial health updates
Recent updates
Shenzhen Jove Enterprise (SZSE:300814) Takes On Some Risk With Its Use Of Debt
Aug 07Shenzhen Jove Enterprise (SZSE:300814) Is Paying Out Less In Dividends Than Last Year
Jul 12Shenzhen Jove Enterprise Limited's (SZSE:300814) Shares Climb 26% But Its Business Is Yet to Catch Up
Jun 12Shenzhen Jove Enterprise's (SZSE:300814) Returns On Capital Not Reflecting Well On The Business
May 23Shenzhen Jove Enterprise Limited (SZSE:300814) Stock Rockets 37% As Investors Are Less Pessimistic Than Expected
Mar 06Financial Position Analysis
Short Term Liabilities: 300814's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥530.5M).
Long Term Liabilities: 300814's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥548.6M).
Debt to Equity History and Analysis
Debt Level: 300814's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: 300814's debt to equity ratio has increased from 3.7% to 53.1% over the past 5 years.
Debt Coverage: 300814's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 300814's interest payments on its debt are well covered by EBIT (24x coverage).