JL Mag Rare-Earth Balance Sheet Health
Financial Health criteria checks 6/6
JL Mag Rare-Earth has a total shareholder equity of CN¥6.8B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are CN¥11.4B and CN¥4.6B respectively. JL Mag Rare-Earth's EBIT is CN¥164.0M making its interest coverage ratio -5.1. It has cash and short-term investments of CN¥3.8B.
Key information
18.0%
Debt to equity ratio
CN¥1.22b
Debt
| Interest coverage ratio | -5.1x |
| Cash | CN¥3.82b |
| Equity | CN¥6.79b |
| Total liabilities | CN¥4.58b |
| Total assets | CN¥11.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300748's short term assets (CN¥8.1B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 300748's short term assets (CN¥8.1B) exceed its long term liabilities (CN¥741.1M).
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 46.9% to 18% over the past 5 years.
Debt Coverage: 300748's debt is well covered by operating cash flow (87.6%).
Interest Coverage: 300748 earns more interest than it pays, so coverage of interest payments is not a concern.