Jiangsu Shemar ElectricLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Shemar ElectricLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥30.4M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are CN¥2.3B and CN¥595.1M respectively. Jiangsu Shemar ElectricLtd's EBIT is CN¥303.1M making its interest coverage ratio -34.3. It has cash and short-term investments of CN¥380.8M.
Key information
1.8%
Debt to equity ratio
CN¥30.40m
Debt
| Interest coverage ratio | -34.3x |
| Cash | CN¥380.84m |
| Equity | CN¥1.68b |
| Total liabilities | CN¥595.14m |
| Total assets | CN¥2.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603530's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥541.3M).
Long Term Liabilities: 603530's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥53.8M).
Debt to Equity History and Analysis
Debt Level: 603530 has more cash than its total debt.
Reducing Debt: 603530's debt to equity ratio has increased from 0.04% to 1.8% over the past 5 years.
Debt Coverage: 603530's debt is well covered by operating cash flow (523.9%).
Interest Coverage: 603530 earns more interest than it pays, so coverage of interest payments is not a concern.