Jiangsu JIXIN Wind Energy Technology Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu JIXIN Wind Energy Technology has a total shareholder equity of CN¥2.8B and total debt of CN¥129.5M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥3.6B and CN¥803.3M respectively. Jiangsu JIXIN Wind Energy Technology's EBIT is CN¥74.2M making its interest coverage ratio -13.2. It has cash and short-term investments of CN¥777.4M.
Key information
4.6%
Debt to equity ratio
CN¥129.50m
Debt
| Interest coverage ratio | -13.2x |
| Cash | CN¥777.38m |
| Equity | CN¥2.84b |
| Total liabilities | CN¥803.31m |
| Total assets | CN¥3.64b |
Recent financial health updates
No updates
Recent updates
Jiangsu JIXIN Wind Energy Technology's (SHSE:601218) Soft Earnings Don't Show The Whole Picture
Nov 05
Jiangsu JIXIN Wind Energy Technology (SHSE:601218) Might Have The Makings Of A Multi-Bagger
Sep 30A Look At The Fair Value Of Jiangsu JIXIN Wind Energy Technology Co., Ltd. (SHSE:601218)
Jun 05Jiangsu JIXIN Wind Energy Technology's (SHSE:601218) Soft Earnings Are Actually Better Than They Appear
May 03Jiangsu JIXIN Wind Energy Technology Co., Ltd. (SHSE:601218) Shares Fly 30% But Investors Aren't Buying For Growth
Mar 08Financial Position Analysis
Short Term Liabilities: 601218's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥373.2M).
Long Term Liabilities: 601218's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥430.1M).
Debt to Equity History and Analysis
Debt Level: 601218 has more cash than its total debt.
Reducing Debt: 601218's debt to equity ratio has reduced from 37.4% to 4.6% over the past 5 years.
Debt Coverage: 601218's debt is well covered by operating cash flow (257.3%).
Interest Coverage: 601218 earns more interest than it pays, so coverage of interest payments is not a concern.