Jiangxi Jovo Energy Balance Sheet Health
Financial Health criteria checks 6/6
Jiangxi Jovo Energy has a total shareholder equity of CN¥8.7B and total debt of CN¥4.1B, which brings its debt-to-equity ratio to 46.5%. Its total assets and total liabilities are CN¥14.9B and CN¥6.2B respectively. Jiangxi Jovo Energy's EBIT is CN¥1.6B making its interest coverage ratio 79.5. It has cash and short-term investments of CN¥5.6B.
Key information
46.5%
Debt to equity ratio
CN¥4.06b
Debt
| Interest coverage ratio | 79.5x |
| Cash | CN¥5.57b |
| Equity | CN¥8.74b |
| Total liabilities | CN¥6.18b |
| Total assets | CN¥14.92b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 605090's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 605090's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 605090 has more cash than its total debt.
Reducing Debt: 605090's debt to equity ratio has reduced from 76.3% to 46.5% over the past 5 years.
Debt Coverage: 605090's debt is well covered by operating cash flow (52.9%).
Interest Coverage: 605090's interest payments on its debt are well covered by EBIT (79.5x coverage).