JiangSu Zhenjiang New Energy Equipment Balance Sheet Health
Financial Health criteria checks 5/6
JiangSu Zhenjiang New Energy Equipment has a total shareholder equity of CN¥2.5B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 72.8%. Its total assets and total liabilities are CN¥6.5B and CN¥4.0B respectively. JiangSu Zhenjiang New Energy Equipment's EBIT is CN¥505.5M making its interest coverage ratio 93.9. It has cash and short-term investments of CN¥890.3M.
Key information
72.8%
Debt to equity ratio
CN¥1.85b
Debt
Interest coverage ratio | 93.9x |
Cash | CN¥890.28m |
Equity | CN¥2.55b |
Total liabilities | CN¥3.97b |
Total assets | CN¥6.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603507's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 603507's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥879.4M).
Debt to Equity History and Analysis
Debt Level: 603507's net debt to equity ratio (37.8%) is considered satisfactory.
Reducing Debt: 603507's debt to equity ratio has increased from 43.4% to 72.8% over the past 5 years.
Debt Coverage: 603507's debt is well covered by operating cash flow (20.2%).
Interest Coverage: 603507's interest payments on its debt are well covered by EBIT (93.9x coverage).