Shaanxi Jinye Science Technology and Education GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shaanxi Jinye Science Technology and Education GroupLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are CN¥4.5B and CN¥2.7B respectively. Shaanxi Jinye Science Technology and Education GroupLtd's EBIT is CN¥176.4M making its interest coverage ratio -59. It has cash and short-term investments of CN¥114.1M.
Key information
68.1%
Debt to equity ratio
CN¥1.27b
Debt
| Interest coverage ratio | -59x |
| Cash | CN¥114.12m |
| Equity | CN¥1.87b |
| Total liabilities | CN¥2.65b |
| Total assets | CN¥4.52b |
Financial Position Analysis
Short Term Liabilities: 000812's short term assets (CN¥787.6M) do not cover its short term liabilities (CN¥1.9B).
Long Term Liabilities: 000812's short term assets (CN¥787.6M) exceed its long term liabilities (CN¥730.3M).
Debt to Equity History and Analysis
Debt Level: 000812's net debt to equity ratio (62%) is considered high.
Reducing Debt: 000812's debt to equity ratio has increased from 46.7% to 68.1% over the past 5 years.
Debt Coverage: 000812's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: 000812 earns more interest than it pays, so coverage of interest payments is not a concern.