Jiangsu Evergreen New Material Technology Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Evergreen New Material Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥28.0M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥2.3B and CN¥93.5M respectively. Jiangsu Evergreen New Material Technology's EBIT is CN¥212.3M making its interest coverage ratio -8.5. It has cash and short-term investments of CN¥1.0B.
Key information
1.3%
Debt to equity ratio
CN¥28.03m
Debt
| Interest coverage ratio | -8.5x |
| Cash | CN¥1.02b |
| Equity | CN¥2.22b |
| Total liabilities | CN¥93.50m |
| Total assets | CN¥2.31b |
Financial Position Analysis
Short Term Liabilities: 603125's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥75.8M).
Long Term Liabilities: 603125's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥17.7M).
Debt to Equity History and Analysis
Debt Level: 603125 has more cash than its total debt.
Reducing Debt: 603125's debt to equity ratio has reduced from 27.5% to 1.3% over the past 5 years.
Debt Coverage: 603125's debt is well covered by operating cash flow (431.1%).
Interest Coverage: 603125 earns more interest than it pays, so coverage of interest payments is not a concern.