Mokingran Jewelry Group Balance Sheet Health
Financial Health criteria checks 3/6
Mokingran Jewelry Group has a total shareholder equity of CN¥1.9B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 78.3%. Its total assets and total liabilities are CN¥4.0B and CN¥2.1B respectively. Mokingran Jewelry Group's EBIT is CN¥802.9M making its interest coverage ratio 12.8. It has cash and short-term investments of CN¥364.0M.
Key information
78.3%
Debt to equity ratio
CN¥1.48b
Debt
| Interest coverage ratio | 12.8x |
| Cash | CN¥364.03m |
| Equity | CN¥1.88b |
| Total liabilities | CN¥2.13b |
| Total assets | CN¥4.01b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 2585's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 2585's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥37.4M).
Debt to Equity History and Analysis
Debt Level: 2585's net debt to equity ratio (59%) is considered high.
Reducing Debt: Insufficient data to determine if 2585's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2585's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 2585's interest payments on its debt are well covered by EBIT (12.8x coverage).