ZJMI Environmental Energy Balance Sheet Health
Financial Health criteria checks 5/6
ZJMI Environmental Energy has a total shareholder equity of CN¥6.3B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are CN¥13.0B and CN¥6.7B respectively. ZJMI Environmental Energy's EBIT is CN¥1.2B making its interest coverage ratio -34.8. It has cash and short-term investments of CN¥1.1B.
Key information
30.3%
Debt to equity ratio
CN¥1.92b
Debt
| Interest coverage ratio | -34.8x |
| Cash | CN¥1.10b |
| Equity | CN¥6.32b |
| Total liabilities | CN¥6.69b |
| Total assets | CN¥13.01b |
Recent financial health updates
No updates
Recent updates
Why Investors Shouldn't Be Surprised By ZJMI Environmental Energy Co., Ltd.'s (SHSE:603071) Low P/E
Sep 26
Why ZJMI Environmental Energy's (SHSE:603071) Shaky Earnings Are Just The Beginning Of Its Problems
Aug 26Be Wary Of ZJMI Environmental Energy (SHSE:603071) And Its Returns On Capital
Aug 01Here's What's Concerning About ZJMI Environmental Energy's (SHSE:603071) Returns On Capital
Mar 27Financial Position Analysis
Short Term Liabilities: 603071's short term assets (CN¥8.4B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 603071's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥157.7M).
Debt to Equity History and Analysis
Debt Level: 603071's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: 603071's debt to equity ratio has reduced from 85.7% to 30.3% over the past 5 years.
Debt Coverage: 603071's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603071 earns more interest than it pays, so coverage of interest payments is not a concern.