Jiangsu New Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu New Technology GroupLtd has a total shareholder equity of CN¥941.5M and total debt of CN¥369.4M, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are CN¥1.6B and CN¥643.7M respectively. Jiangsu New Technology GroupLtd's EBIT is CN¥87.9M making its interest coverage ratio 13. It has cash and short-term investments of CN¥430.7M.
Key information
39.2%
Debt to equity ratio
CN¥369.43m
Debt
| Interest coverage ratio | 13x |
| Cash | CN¥430.72m |
| Equity | CN¥941.50m |
| Total liabilities | CN¥643.66m |
| Total assets | CN¥1.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301229's short term assets (CN¥935.8M) exceed its short term liabilities (CN¥326.1M).
Long Term Liabilities: 301229's short term assets (CN¥935.8M) exceed its long term liabilities (CN¥317.6M).
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 (34.5%).
Interest Coverage: 301229's interest payments on its debt are well covered by EBIT (13x coverage).