JL Mag Rare-Earth Balance Sheet Health
Financial Health criteria checks 6/6
JL Mag Rare-Earth has a total shareholder equity of CN¥7.1B and total debt of CN¥920.0M, which brings its debt-to-equity ratio to 12.9%. Its total assets and total liabilities are CN¥11.6B and CN¥4.5B respectively. JL Mag Rare-Earth's EBIT is CN¥294.3M making its interest coverage ratio -8.8. It has cash and short-term investments of CN¥3.1B.
Key information
12.9%
Debt to equity ratio
CN¥919.99m
Debt
Interest coverage ratio | -8.8x |
Cash | CN¥3.14b |
Equity | CN¥7.15b |
Total liabilities | CN¥4.46b |
Total assets | CN¥11.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300748's short term assets (CN¥8.4B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 300748's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥969.1M).
Debt to Equity History and Analysis
Debt Level: 300748 has more cash than its total debt.
Reducing Debt: 300748's debt to equity ratio has reduced from 45.1% to 12.9% over the past 5 years.
Debt Coverage: 300748's debt is well covered by operating cash flow (52.8%).
Interest Coverage: 300748 earns more interest than it pays, so coverage of interest payments is not a concern.