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¥1.3B, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are CN¥11.1B and CN¥4.3B respectively. JL Mag Rare-Earth's EBIT is CN¥58.9M making its interest coverage ratio -1.2. It has cash and short-term investments of CN¥3.4B.
Key information
19.1%
Debt to equity ratio
CN¥1.30b
Debt
| Interest coverage ratio | -1.2x |
| Cash | CN¥3.35b |
| Equity | CN¥6.76b |
| Total liabilities | CN¥4.32b |
| Total assets | CN¥11.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300748's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 300748's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥1.0B).
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 48.6% to 19.1% over the past 5 years.
Debt Coverage: 300748's debt is well covered by operating cash flow (70.1%).
Interest Coverage: 300748 earns more interest than it pays, so coverage of interest payments is not a concern.