Jiusheng Electric Balance Sheet Health
Financial Health criteria checks 3/6
Jiusheng Electric has a total shareholder equity of CN¥1.1B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 98.1%. Its total assets and total liabilities are CN¥3.1B and CN¥2.0B respectively. Jiusheng Electric's EBIT is CN¥77.4M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥273.3M.
Key information
98.1%
Debt to equity ratio
CN¥1.07b
Debt
Interest coverage ratio | 3.2x |
Cash | CN¥273.26m |
Equity | CN¥1.10b |
Total liabilities | CN¥1.96b |
Total assets | CN¥3.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301082's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 301082's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥272.9M).
Debt to Equity History and Analysis
Debt Level: 301082's net debt to equity ratio (73.1%) is considered high.
Reducing Debt: 301082's debt to equity ratio has increased from 74% to 98.1% 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 well covered by EBIT (3.2x coverage).