Jinneng Science&TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Jinneng Science&TechnologyLtd has a total shareholder equity of CN¥8.6B and total debt of CN¥5.0B, which brings its debt-to-equity ratio to 57.5%. Its total assets and total liabilities are CN¥18.7B and CN¥10.1B respectively. Jinneng Science&TechnologyLtd's EBIT is CN¥258.6M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥2.9B.
Key information
57.5%
Debt to equity ratio
CN¥4.97b
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥2.88b |
| Equity | CN¥8.64b |
| Total liabilities | CN¥10.08b |
| Total assets | CN¥18.72b |
Recent financial health updates
No updates
Recent updates
We Believe Jinneng Science&TechnologyLtd's (SHSE:603113) Earnings Are A Poor Guide For Its Profitability
Nov 06
Even With A 37% Surge, Cautious Investors Are Not Rewarding Jinneng Science&Technology Co.,Ltd's (SHSE:603113) Performance Completely
Oct 08Be Wary Of Jinneng Science&TechnologyLtd (SHSE:603113) And Its Returns On Capital
Jun 04We Think Jinneng Science&TechnologyLtd's (SHSE:603113) Solid Earnings Are Understated
May 06Jinneng Science&Technology Co.,Ltd (SHSE:603113) Doing What It Can To Lift Shares
Mar 28Financial Position Analysis
Short Term Liabilities: 603113's short term assets (CN¥7.4B) do not cover its short term liabilities (CN¥7.7B).
Long Term Liabilities: 603113's short term assets (CN¥7.4B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 603113's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: 603113's debt to equity ratio has increased from 1.9% to 57.5% over the past 5 years.
Debt Coverage: 603113's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 603113's interest payments on its debt are not well covered by EBIT (2.4x coverage).