Jiangsu Seagull Cooling TowerLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Seagull Cooling TowerLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥502.2M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CN¥3.6B and CN¥2.6B respectively. Jiangsu Seagull Cooling TowerLtd's EBIT is CN¥113.6M making its interest coverage ratio -61.4. It has cash and short-term investments of CN¥525.0M.
Key information
48.4%
Debt to equity ratio
CN¥502.22m
Debt
Interest coverage ratio | -61.4x |
Cash | CN¥525.01m |
Equity | CN¥1.04b |
Total liabilities | CN¥2.58b |
Total assets | CN¥3.61b |
Recent financial health updates
No updates
Recent updates
We Think That There Are Issues Underlying Jiangsu Seagull Cooling TowerLtd's (SHSE:603269) Earnings
May 03Returns Are Gaining Momentum At Jiangsu Seagull Cooling TowerLtd (SHSE:603269)
Mar 28Jiangsu Seagull Cooling Tower Co.,Ltd.'s (SHSE:603269) Shares Leap 39% Yet They're Still Not Telling The Full Story
Mar 08Financial Position Analysis
Short Term Liabilities: 603269's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 603269's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥123.2M).
Debt to Equity History and Analysis
Debt Level: 603269 has more cash than its total debt.
Reducing Debt: 603269's debt to equity ratio has increased from 28.8% to 48.4% over the past 5 years.
Debt Coverage: 603269's debt is well covered by operating cash flow (45.2%).
Interest Coverage: 603269 earns more interest than it pays, so coverage of interest payments is not a concern.