Jiangsu Linyang Energy Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Linyang Energy has a total shareholder equity of CN¥15.8B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are CN¥23.0B and CN¥7.2B respectively. Jiangsu Linyang Energy's EBIT is CN¥1.1B making its interest coverage ratio -38. It has cash and short-term investments of CN¥5.7B.
Key information
17.5%
Debt to equity ratio
CN¥2.77b
Debt
Interest coverage ratio | -38x |
Cash | CN¥5.69b |
Equity | CN¥15.84b |
Total liabilities | CN¥7.18b |
Total assets | CN¥23.02b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601222's short term assets (CN¥13.4B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 601222's short term assets (CN¥13.4B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 601222 has more cash than its total debt.
Reducing Debt: 601222's debt to equity ratio has reduced from 52.2% to 17.5% over the past 5 years.
Debt Coverage: 601222's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: 601222 earns more interest than it pays, so coverage of interest payments is not a concern.