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Jiangsu Sunshine Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Sunshine has a total shareholder equity of CN¥2.0B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 70.1%. Its total assets and total liabilities are CN¥4.0B and CN¥2.0B respectively. Jiangsu Sunshine's EBIT is CN¥29.7M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥82.8M.
Key information
70.1%
Debt to equity ratio
CN¥1.43b
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥82.83m |
| Equity | CN¥2.05b |
| Total liabilities | CN¥1.98b |
| Total assets | CN¥4.03b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600220's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 600220's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥110.1M).
Debt to Equity History and Analysis
Debt Level: 600220's net debt to equity ratio (66.1%) is considered high.
Reducing Debt: 600220's debt to equity ratio has reduced from 83.7% to 70.1% over the past 5 years.
Debt Coverage: 600220's debt is well covered by operating cash flow (42.4%).
Interest Coverage: 600220's interest payments on its debt are not well covered by EBIT (0.4x coverage).