ZJMI Environmental Energy Balance Sheet Health
Financial Health criteria checks 5/6
ZJMI Environmental Energy has a total shareholder equity of CN¥6.4B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are CN¥11.7B and CN¥5.3B respectively. ZJMI Environmental Energy's EBIT is CN¥1.4B making its interest coverage ratio -41.4. It has cash and short-term investments of CN¥1.1B.
Key information
27.6%
Debt to equity ratio
CN¥1.77b
Debt
Interest coverage ratio | -41.4x |
Cash | CN¥1.07b |
Equity | CN¥6.41b |
Total liabilities | CN¥5.27b |
Total assets | CN¥11.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603071's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 603071's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥139.6M).
Debt to Equity History and Analysis
Debt Level: 603071's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: 603071's debt to equity ratio has reduced from 92.6% to 27.6% 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.