JiangSu Zhenjiang New Energy Equipment Balance Sheet Health
Financial Health criteria checks 3/6
JiangSu Zhenjiang New Energy Equipment has a total shareholder equity of CN¥2.6B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are CN¥6.3B and CN¥3.8B respectively. JiangSu Zhenjiang New Energy Equipment's EBIT is CN¥450.6M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥598.0M.
Key information
77.8%
Debt to equity ratio
CN¥1.99b
Debt
| Interest coverage ratio | 3.3x |
| Cash | CN¥597.96m |
| Equity | CN¥2.56b |
| Total liabilities | CN¥3.78b |
| Total assets | CN¥6.34b |
Recent financial health updates
Recent updates
JiangSu Zhenjiang New Energy Equipment's (SHSE:603507) Performance Is Even Better Than Its Earnings Suggest
Nov 06
We Think JiangSu Zhenjiang New Energy Equipment (SHSE:603507) Is Taking Some Risk With Its Debt
Oct 01Market Might Still Lack Some Conviction On JiangSu Zhenjiang New Energy Equipment Co., Ltd. (SHSE:603507) Even After 27% Share Price Boost
May 13The Strong Earnings Posted By JiangSu Zhenjiang New Energy Equipment (SHSE:603507) Are A Good Indication Of The Strength Of The Business
May 01JiangSu Zhenjiang New Energy Equipment Co., Ltd.'s (SHSE:603507) Shares Bounce 26% But Its Business Still Trails The Market
Mar 06Financial Position Analysis
Short Term Liabilities: 603507's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 603507's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603507's net debt to equity ratio (54.4%) is considered high.
Reducing Debt: 603507's debt to equity ratio has increased from 73.9% to 77.8% over the past 5 years.
Debt Coverage: 603507's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 603507's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 11:02 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
JiangSu Zhenjiang New Energy Equipment Co., Ltd. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Pengwei Hua | Citic Securities Co., Ltd. |
| Lei Yin | Everbright Securities Co. Ltd. |
| Yongkang Deng | Minsheng Securities Co. |