Joy City Property Balance Sheet Health
Financial Health criteria checks 3/6
Joy City Property has a total shareholder equity of CN¥56.2B and total debt of CN¥47.5B, which brings its debt-to-equity ratio to 84.5%. Its total assets and total liabilities are CN¥143.0B and CN¥86.9B respectively. Joy City Property's EBIT is CN¥3.9B making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥19.8B.
Key information
84.5%
Debt to equity ratio
CN¥47.48b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥19.80b |
| Equity | CN¥56.16b |
| Total liabilities | CN¥86.85b |
| Total assets | CN¥143.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HKP's short term assets (CN¥69.3B) exceed its short term liabilities (CN¥43.4B).
Long Term Liabilities: HKP's short term assets (CN¥69.3B) exceed its long term liabilities (CN¥43.4B).
Debt to Equity History and Analysis
Debt Level: HKP's net debt to equity ratio (49.3%) is considered high.
Reducing Debt: HKP's debt to equity ratio has increased from 71.7% to 84.5% over the past 5 years.
Debt Coverage: HKP's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: HKP's interest payments on its debt are well covered by EBIT (3.2x coverage).