Jinneng Science&TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jinneng Science&TechnologyLtd has a total shareholder equity of CN¥8.7B and total debt of CN¥5.5B, which brings its debt-to-equity ratio to 63.1%. Its total assets and total liabilities are CN¥18.0B and CN¥9.3B respectively. Jinneng Science&TechnologyLtd's EBIT is CN¥321.7M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥2.6B.
Key information
63.1%
Debt to equity ratio
CN¥5.51b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥2.57b |
| Equity | CN¥8.74b |
| Total liabilities | CN¥9.29b |
| Total assets | CN¥18.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603113's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 603113's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 603113's net debt to equity ratio (33.7%) is considered satisfactory.
Reducing Debt: 603113's debt to equity ratio has increased from 4.3% to 63.1% over the past 5 years.
Debt Coverage: 603113's debt is well covered by operating cash flow (23.9%).
Interest Coverage: 603113's interest payments on its debt are well covered by EBIT (3.5x coverage).