JinGuan Electric Balance Sheet Health
Financial Health criteria checks 6/6
JinGuan Electric has a total shareholder equity of CN¥784.7M and total debt of CN¥41.0M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are CN¥1.3B and CN¥498.7M respectively. JinGuan Electric's EBIT is CN¥104.3M making its interest coverage ratio -31.3. It has cash and short-term investments of CN¥347.4M.
Key information
5.2%
Debt to equity ratio
CN¥41.00m
Debt
| Interest coverage ratio | -31.3x |
| Cash | CN¥347.44m |
| Equity | CN¥784.69m |
| Total liabilities | CN¥498.66m |
| Total assets | CN¥1.28b |
Recent financial health updates
No updates
Recent updates
Market Might Still Lack Some Conviction On JinGuan Electric Co., Ltd. (SHSE:688517) Even After 42% Share Price Boost
Oct 08
JinGuan Electric (SHSE:688517) Strong Profits May Be Masking Some Underlying Issues
Aug 29Even With A 29% Surge, Cautious Investors Are Not Rewarding JinGuan Electric Co., Ltd.'s (SHSE:688517) Performance Completely
May 21JinGuan Electric's (SHSE:688517) Returns On Capital Not Reflecting Well On The Business
Apr 16Further Upside For JinGuan Electric Co., Ltd. (SHSE:688517) Shares Could Introduce Price Risks After 27% Bounce
Mar 18Financial Position Analysis
Short Term Liabilities: 688517's short term assets (CN¥965.1M) exceed its short term liabilities (CN¥466.3M).
Long Term Liabilities: 688517's short term assets (CN¥965.1M) exceed its long term liabilities (CN¥32.3M).
Debt to Equity History and Analysis
Debt Level: 688517 has more cash than its total debt.
Reducing Debt: 688517's debt to equity ratio has reduced from 21.8% to 5.2% over the past 5 years.
Debt Coverage: 688517's debt is well covered by operating cash flow (421.9%).
Interest Coverage: 688517 earns more interest than it pays, so coverage of interest payments is not a concern.