Jiusheng Electric Balance Sheet Health
Financial Health criteria checks 2/6
Jiusheng Electric has a total shareholder equity of CN¥1.1B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 115.1%. Its total assets and total liabilities are CN¥3.3B and CN¥2.2B respectively. Jiusheng Electric's EBIT is CN¥40.0M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥335.4M.
Key information
115.1%
Debt to equity ratio
CN¥1.24b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CN¥335.44m |
| Equity | CN¥1.08b |
| Total liabilities | CN¥2.24b |
| Total assets | CN¥3.32b |
Recent financial health updates
No updates
Recent updates
Earnings Troubles May Signal Larger Issues for Jiusheng Electric (SZSE:301082) Shareholders
Nov 05
Improved Revenues Required Before Jiusheng Electric Co., Ltd. (SZSE:301082) Stock's 32% Jump Looks Justified
Oct 18Some Jiusheng Electric Co., Ltd. (SZSE:301082) Shareholders Look For Exit As Shares Take 35% Pounding
Jul 19Jiusheng Electric's (SZSE:301082) Dividend Will Be Reduced To CN¥0.18
May 31Optimistic Investors Push Jiusheng Electric Co., Ltd. (SZSE:301082) Shares Up 28% But Growth Is Lacking
May 28Weak Statutory Earnings May Not Tell The Whole Story For Jiusheng Electric (SZSE:301082)
May 02Financial Position Analysis
Short Term Liabilities: 301082's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 301082's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥190.9M).
Debt to Equity History and Analysis
Debt Level: 301082's net debt to equity ratio (84%) is considered high.
Reducing Debt: 301082's debt to equity ratio has increased from 74.2% to 115.1% over the past 5 years.
Debt Coverage: 301082's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301082's interest payments on its debt are not well covered by EBIT (1.3x coverage).