Jiangsu JIXIN Wind Energy Technology Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu JIXIN Wind Energy Technology has a total shareholder equity of CN¥2.8B and total debt of CN¥130.1M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥3.7B and CN¥812.7M respectively. Jiangsu JIXIN Wind Energy Technology's EBIT is CN¥118.3M making its interest coverage ratio -37.3. It has cash and short-term investments of CN¥784.8M.
Key information
4.6%
Debt to equity ratio
CN¥130.08m
Debt
| Interest coverage ratio | -37.3x |
| Cash | CN¥784.78m |
| Equity | CN¥2.84b |
| Total liabilities | CN¥812.69m |
| Total assets | CN¥3.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601218's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥380.7M).
Long Term Liabilities: 601218's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥431.9M).
Debt to Equity History and Analysis
Debt Level: 601218 has more cash than its total debt.
Reducing Debt: 601218's debt to equity ratio has reduced from 34.4% to 4.6% over the past 5 years.
Debt Coverage: 601218's debt is well covered by operating cash flow (278%).
Interest Coverage: 601218 earns more interest than it pays, so coverage of interest payments is not a concern.