JiangSu Zhenjiang New Energy Equipment Co., Ltd.

XSSC:603507 Stock Report

Market Cap: CN¥4.8b

JiangSu Zhenjiang New Energy Equipment Balance Sheet Health

Financial Health criteria checks 3/6

JiangSu Zhenjiang New Energy Equipment has a total shareholder equity of CN¥2.6B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are CN¥6.3B and CN¥3.8B respectively. JiangSu Zhenjiang New Energy Equipment's EBIT is CN¥450.6M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥598.0M.

Key information

77.8%

Debt to equity ratio

CN¥1.99b

Debt

Interest coverage ratio3.3x
CashCN¥597.96m
EquityCN¥2.56b
Total liabilitiesCN¥3.78b
Total assetsCN¥6.34b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 603507's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.8B).

Long Term Liabilities: 603507's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥1.0B).


Debt to Equity History and Analysis

Debt Level: 603507's net debt to equity ratio (54.4%) is considered high.

Reducing Debt: 603507's debt to equity ratio has increased from 73.9% to 77.8% over the past 5 years.

Debt Coverage: 603507's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: 603507's interest payments on its debt are well covered by EBIT (3.3x coverage).


Balance Sheet


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