Ningbo Joyson Electronic Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Joyson Electronic has a total shareholder equity of CN¥18.6B and total debt of CN¥22.7B, which brings its debt-to-equity ratio to 122.1%. Its total assets and total liabilities are CN¥59.2B and CN¥40.6B respectively. Ningbo Joyson Electronic's EBIT is CN¥3.3B making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥7.1B.
Key information
122.1%
Debt to equity ratio
CN¥22.72b
Debt
| Interest coverage ratio | 3.7x |
| Cash | CN¥7.13b |
| Equity | CN¥18.61b |
| Total liabilities | CN¥40.59b |
| Total assets | CN¥59.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600699's short term assets (CN¥28.3B) exceed its short term liabilities (CN¥23.8B).
Long Term Liabilities: 600699's short term assets (CN¥28.3B) exceed its long term liabilities (CN¥16.8B).
Debt to Equity History and Analysis
Debt Level: 600699's net debt to equity ratio (83.7%) is considered high.
Reducing Debt: 600699's debt to equity ratio has increased from 107.6% to 122.1% over the past 5 years.
Debt Coverage: 600699's debt is not well covered by operating cash flow (18.6%).
Interest Coverage: 600699's interest payments on its debt are well covered by EBIT (3.7x coverage).