Jingjin Equipment Balance Sheet Health
Financial Health criteria checks 5/6
Jingjin Equipment has a total shareholder equity of CN¥4.7B and total debt of CN¥300.2M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are CN¥8.9B and CN¥4.2B respectively. Jingjin Equipment's EBIT is CN¥1.1B making its interest coverage ratio -33. It has cash and short-term investments of CN¥1.8B.
Key information
6.4%
Debt to equity ratio
CN¥300.20m
Debt
| Interest coverage ratio | -33x |
| Cash | CN¥1.80b |
| Equity | CN¥4.66b |
| Total liabilities | CN¥4.23b |
| Total assets | CN¥8.88b |
Recent financial health updates
Does Jingjin Equipment (SHSE:603279) Have A Healthy Balance Sheet?
Sep 24
Does Jingjin Equipment (SHSE:603279) Have A Healthy Balance Sheet?
May 21Recent updates
Improved Earnings Required Before Jingjin Equipment Inc. (SHSE:603279) Shares Find Their Feet
Oct 13Does Jingjin Equipment (SHSE:603279) Have A Healthy Balance Sheet?
Sep 24Jingjin Equipment (SHSE:603279) Strong Profits May Be Masking Some Underlying Issues
Sep 02A Look At The Intrinsic Value Of Jingjin Equipment Inc. (SHSE:603279)
Jul 12Why We Like The Returns At Jingjin Equipment (SHSE:603279)
Jun 22Does Jingjin Equipment (SHSE:603279) Have A Healthy Balance Sheet?
May 21Jingjin Equipment Inc. Just Recorded A 5.3% EPS Beat: Here's What Analysts Are Forecasting Next
Apr 28Jingjin Equipment Inc.'s (SHSE:603279) Earnings Are Not Doing Enough For Some Investors
Apr 23Calculating The Fair Value Of Jingjin Equipment Inc. (SHSE:603279)
Apr 05Under The Bonnet, Jingjin Equipment's (SHSE:603279) Returns Look Impressive
Mar 18Financial Position Analysis
Short Term Liabilities: 603279's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 603279's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥144.5M).
Debt to Equity History and Analysis
Debt Level: 603279 has more cash than its total debt.
Reducing Debt: 603279's debt to equity ratio has increased from 0% to 6.4% over the past 5 years.
Debt Coverage: 603279's debt is well covered by operating cash flow (252.4%).
Interest Coverage: 603279 earns more interest than it pays, so coverage of interest payments is not a concern.