Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd has a total shareholder equity of CN¥7.0B and total debt of CN¥191.4M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥14.5B and CN¥7.5B respectively. Jiangsu Provincial Agricultural Reclamation and DevelopmentLtd's EBIT is CN¥977.2M making its interest coverage ratio 5.5. It has cash and short-term investments of CN¥2.4B.
Key information
2.7%
Debt to equity ratio
CN¥191.37m
Debt
| Interest coverage ratio | 5.5x |
| Cash | CN¥2.42b |
| Equity | CN¥6.98b |
| Total liabilities | CN¥7.48b |
| Total assets | CN¥14.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601952's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 601952's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥4.9B).
Debt to Equity History and Analysis
Debt Level: 601952 has more cash than its total debt.
Reducing Debt: 601952's debt to equity ratio has reduced from 3.9% to 2.7% over the past 5 years.
Debt Coverage: 601952's debt is well covered by operating cash flow (1140.6%).
Interest Coverage: 601952's interest payments on its debt are well covered by EBIT (5.5x coverage).