Jiangsu Cnano Technology Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Cnano Technology has a total shareholder equity of CN¥2.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are CN¥5.1B and CN¥2.3B respectively. Jiangsu Cnano Technology's EBIT is CN¥297.2M making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥1.5B.
Key information
48.5%
Debt to equity ratio
CN¥1.37b
Debt
Interest coverage ratio | -4.6x |
Cash | CN¥1.50b |
Equity | CN¥2.83b |
Total liabilities | CN¥2.31b |
Total assets | CN¥5.14b |
Recent financial health updates
Recent updates
Jiangsu Cnano Technology's (SHSE:688116) Anemic Earnings Might Be Worse Than You Think
May 03Jiangsu Cnano Technology Co., Ltd.'s (SHSE:688116) Shares Leap 25% Yet They're Still Not Telling The Full Story
Apr 29Is Now The Time To Look At Buying Jiangsu Cnano Technology Co., Ltd. (SHSE:688116)?
Apr 16Jiangsu Cnano Technology Co., Ltd. (SHSE:688116) Stock Rockets 26% But Many Are Still Ignoring The Company
Mar 04Jiangsu Cnano Technology (SHSE:688116) Has A Somewhat Strained Balance Sheet
Feb 28Financial Position Analysis
Short Term Liabilities: 688116's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 688116's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 688116 has more cash than its total debt.
Reducing Debt: 688116's debt to equity ratio has increased from 0% to 48.5% over the past 5 years.
Debt Coverage: 688116's debt is well covered by operating cash flow (23.9%).
Interest Coverage: 688116 earns more interest than it pays, so coverage of interest payments is not a concern.