Jiangsu New Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu New Technology GroupLtd has a total shareholder equity of CN¥951.2M and total debt of CN¥391.5M, which brings its debt-to-equity ratio to 41.2%. Its total assets and total liabilities are CN¥1.7B and CN¥717.3M respectively. Jiangsu New Technology GroupLtd's EBIT is CN¥88.6M making its interest coverage ratio 5.6. It has cash and short-term investments of CN¥438.5M.
Key information
41.2%
Debt to equity ratio
CN¥391.47m
Debt
| Interest coverage ratio | 5.6x |
| Cash | CN¥438.48m |
| Equity | CN¥951.16m |
| Total liabilities | CN¥717.34m |
| Total assets | CN¥1.67b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301229's short term assets (CN¥976.3M) exceed its short term liabilities (CN¥379.7M).
Long Term Liabilities: 301229's short term assets (CN¥976.3M) exceed its long term liabilities (CN¥337.7M).
Debt to Equity History and Analysis
Debt Level: 301229 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301229's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301229's debt is well covered by operating cash flow (33.5%).
Interest Coverage: 301229's interest payments on its debt are well covered by EBIT (5.6x coverage).