Jiangsu Broadcasting Cable Information Network Balance Sheet Health
Financial Health criteria checks 3/6
Jiangsu Broadcasting Cable Information Network has a total shareholder equity of CN¥23.1B and total debt of CN¥3.7B, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CN¥37.2B and CN¥14.1B respectively.
Key information
16.2%
Debt to equity ratio
CN¥3.74b
Debt
Interest coverage ratio | n/a |
Cash | CN¥6.46b |
Equity | CN¥23.13b |
Total liabilities | CN¥14.11b |
Total assets | CN¥37.24b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600959's short term assets (CN¥11.4B) do not cover its short term liabilities (CN¥13.4B).
Long Term Liabilities: 600959's short term assets (CN¥11.4B) exceed its long term liabilities (CN¥747.7M).
Debt to Equity History and Analysis
Debt Level: 600959 has more cash than its total debt.
Reducing Debt: 600959's debt to equity ratio has increased from 4.1% to 16.2% over the past 5 years.
Debt Coverage: 600959's debt is well covered by operating cash flow (64.4%).
Interest Coverage: Insufficient data to determine if 600959's interest payments on its debt are well covered by EBIT.