JinGuan Electric Balance Sheet Health
Financial Health criteria checks 6/6
JinGuan Electric has a total shareholder equity of CN¥802.3M and total debt of CN¥43.5M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥1.3B and CN¥456.8M respectively. JinGuan Electric's EBIT is CN¥114.4M making its interest coverage ratio -40.3. It has cash and short-term investments of CN¥322.1M.
Key information
5.4%
Debt to equity ratio
CN¥43.52m
Debt
| Interest coverage ratio | -40.3x |
| Cash | CN¥322.11m |
| Equity | CN¥802.33m |
| Total liabilities | CN¥456.84m |
| Total assets | CN¥1.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688517's short term assets (CN¥978.4M) exceed its short term liabilities (CN¥422.9M).
Long Term Liabilities: 688517's short term assets (CN¥978.4M) exceed its long term liabilities (CN¥33.9M).
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 36.7% to 5.4% over the past 5 years.
Debt Coverage: 688517's debt is well covered by operating cash flow (190.2%).
Interest Coverage: 688517 earns more interest than it pays, so coverage of interest payments is not a concern.