Jiangsu Linyang Energy Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Linyang Energy has a total shareholder equity of CN¥15.9B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥24.5B and CN¥8.6B respectively. Jiangsu Linyang Energy's EBIT is CN¥1.1B making its interest coverage ratio -31.4. It has cash and short-term investments of CN¥6.5B.
Key information
20.5%
Debt to equity ratio
CN¥3.26b
Debt
| Interest coverage ratio | -31.4x |
| Cash | CN¥6.46b |
| Equity | CN¥15.88b |
| Total liabilities | CN¥8.63b |
| Total assets | CN¥24.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601222's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥6.1B).
Long Term Liabilities: 601222's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥2.5B).
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 56.3% to 20.5% over the past 5 years.
Debt Coverage: 601222's debt is well covered by operating cash flow (42.2%).
Interest Coverage: 601222 earns more interest than it pays, so coverage of interest payments is not a concern.