Jiangsu Tongguang Electronic Wire & Cable Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Tongguang Electronic Wire & Cable has a total shareholder equity of CN¥2.3B and total debt of CN¥410.0M, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are CN¥3.4B and CN¥1.1B respectively. Jiangsu Tongguang Electronic Wire & Cable's EBIT is CN¥84.3M making its interest coverage ratio 7.7. It has cash and short-term investments of CN¥402.2M.
Key information
17.8%
Debt to equity ratio
CN¥409.95m
Debt
| Interest coverage ratio | 7.7x |
| Cash | CN¥402.19m |
| Equity | CN¥2.31b |
| Total liabilities | CN¥1.06b |
| Total assets | CN¥3.37b |
Recent financial health updates
Recent updates
More Unpleasant Surprises Could Be In Store For Jiangsu Tongguang Electronic Wire & Cable Co., Ltd.'s (SZSE:300265) Shares After Tumbling 27%
Jul 03
Jiangsu Tongguang Electronic Wire & Cable (SZSE:300265) Takes On Some Risk With Its Use Of Debt
May 31Why Jiangsu Tongguang Electronic Wire & Cable's (SZSE:300265) Shaky Earnings Are Just The Beginning Of Its Problems
May 02Jiangsu Tongguang Electronic Wire & Cable (SZSE:300265) Shareholders Will Want The ROCE Trajectory To Continue
Apr 17Jiangsu Tongguang Electronic Wire & Cable Co., Ltd. (SZSE:300265) Stock Catapults 35% Though Its Price And Business Still Lag The Market
Mar 06Financial Position Analysis
Short Term Liabilities: 300265's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥923.6M).
Long Term Liabilities: 300265's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥139.8M).
Debt to Equity History and Analysis
Debt Level: 300265's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 300265's debt to equity ratio has reduced from 78% to 17.8% over the past 5 years.
Debt Coverage: 300265's debt is well covered by operating cash flow (25.1%).
Interest Coverage: 300265's interest payments on its debt are well covered by EBIT (7.7x coverage).