JA Solar Technology Balance Sheet Health
Financial Health criteria checks 6/6
JA Solar Technology has a total shareholder equity of CN¥38.5B and total debt of CN¥10.5B, which brings its debt-to-equity ratio to 27.2%. Its total assets and total liabilities are CN¥104.0B and CN¥65.5B respectively. JA Solar Technology's EBIT is CN¥10.5B making its interest coverage ratio -89.3. It has cash and short-term investments of CN¥19.4B.
Key information
27.2%
Debt to equity ratio
CN¥10.49b
Debt
Interest coverage ratio | -89.3x |
Cash | CN¥19.43b |
Equity | CN¥38.52b |
Total liabilities | CN¥65.48b |
Total assets | CN¥104.00b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002459's short term assets (CN¥52.6B) exceed its short term liabilities (CN¥47.5B).
Long Term Liabilities: 002459's short term assets (CN¥52.6B) exceed its long term liabilities (CN¥17.9B).
Debt to Equity History and Analysis
Debt Level: 002459 has more cash than its total debt.
Reducing Debt: 002459's debt to equity ratio has reduced from 129.9% to 27.2% over the past 5 years.
Debt Coverage: 002459's debt is well covered by operating cash flow (122.2%).
Interest Coverage: 002459 earns more interest than it pays, so coverage of interest payments is not a concern.