Jizhong Energy Resources Balance Sheet Health
Financial Health criteria checks 5/6
Jizhong Energy Resources has a total shareholder equity of CN¥26.6B and total debt of CN¥17.4B, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are CN¥54.6B and CN¥28.0B respectively. Jizhong Energy Resources's EBIT is CN¥4.3B making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥13.8B.
Key information
65.5%
Debt to equity ratio
CN¥17.40b
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥13.85b |
Equity | CN¥26.56b |
Total liabilities | CN¥28.04b |
Total assets | CN¥54.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000937's short term assets (CN¥20.5B) exceed its short term liabilities (CN¥19.0B).
Long Term Liabilities: 000937's short term assets (CN¥20.5B) exceed its long term liabilities (CN¥9.0B).
Debt to Equity History and Analysis
Debt Level: 000937's net debt to equity ratio (13.4%) is considered satisfactory.
Reducing Debt: 000937's debt to equity ratio has reduced from 69.7% to 65.5% over the past 5 years.
Debt Coverage: 000937's debt is well covered by operating cash flow (22.5%).
Interest Coverage: 000937's interest payments on its debt are not well covered by EBIT (2.7x coverage).