Jiangsu Linyang Energy Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Linyang Energy has a total shareholder equity of CN¥15.6B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are CN¥23.2B and CN¥7.6B respectively. Jiangsu Linyang Energy's EBIT is CN¥1.2B making its interest coverage ratio -28.9. It has cash and short-term investments of CN ¥6.5B.
Key information
17.9%
Debt to equity ratio
CN¥2.79b
Debt
Interest coverage ratio | -28.9x |
Cash | CN¥6.48b |
Equity | CN¥15.58b |
Total liabilities | CN¥7.60b |
Total assets | CN¥23.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601222's short term assets (CN¥13.7B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 601222's short term assets (CN¥13.7B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 601222 has more cash than its total debt.
Reducing Debt: 601222's debt to equity ratio has reduced from 51.5% to 17.9% over the past 5 years.
Debt Coverage: 601222's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: 601222 earns more interest than it pays, so coverage of interest payments is not a concern.