Ningbo Joyson Electronic Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Joyson Electronic has a total shareholder equity of CN¥19.8B and total debt of CN¥21.2B, which brings its debt-to-equity ratio to 107.1%. Its total assets and total liabilities are CN¥58.7B and CN¥39.0B respectively. Ningbo Joyson Electronic's EBIT is CN¥2.7B making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥7.0B.
Key information
107.1%
Debt to equity ratio
CN¥21.17b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥6.99b |
| Equity | CN¥19.76b |
| Total liabilities | CN¥38.96b |
| Total assets | CN¥58.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600699's short term assets (CN¥28.4B) exceed its short term liabilities (CN¥21.6B).
Long Term Liabilities: 600699's short term assets (CN¥28.4B) exceed its long term liabilities (CN¥17.4B).
Debt to Equity History and Analysis
Debt Level: 600699's net debt to equity ratio (71.8%) is considered high.
Reducing Debt: 600699's debt to equity ratio has increased from 104.2% to 107.1% over the past 5 years.
Debt Coverage: 600699's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: 600699's interest payments on its debt are well covered by EBIT (3.2x coverage).