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¥2.9B and total debt of CN¥120.1M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥3.8B and CN¥839.8M respectively. Jiangsu JIXIN Wind Energy Technology's EBIT is CN¥144.4M making its interest coverage ratio 47.7. It has cash and short-term investments of CN¥818.5M.
Key information
4.1%
Debt to equity ratio
CN¥120.07m
Debt
Interest coverage ratio | 47.7x |
Cash | CN¥818.50m |
Equity | CN¥2.91b |
Total liabilities | CN¥839.80m |
Total assets | CN¥3.75b |
Recent financial health updates
No updates
Recent updates
A 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¥1.8B) exceed its short term liabilities (CN¥452.1M).
Long Term Liabilities: 601218's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥387.7M).
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 38.6% to 4.1% over the past 5 years.
Debt Coverage: 601218's debt is well covered by operating cash flow (313.7%).
Interest Coverage: 601218's interest payments on its debt are well covered by EBIT (47.7x coverage).