JCET Group Co., Ltd.

XSSC:600584 Stock Report

Market Cap: CN¥69.6b

JCET Group Balance Sheet Health

Financial Health criteria checks 6/6

JCET Group has a total shareholder equity of CN¥28.5B and total debt of CN¥12.7B, which brings its debt-to-equity ratio to 44.7%. Its total assets and total liabilities are CN¥53.6B and CN¥25.1B respectively. JCET Group's EBIT is CN¥1.8B making its interest coverage ratio 12.5. It has cash and short-term investments of CN¥11.3B.

Key information

44.7%

Debt to equity ratio

CN¥12.73b

Debt

Interest coverage ratio12.5x
CashCN¥11.26b
EquityCN¥28.48b
Total liabilitiesCN¥25.14b
Total assetsCN¥53.62b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 600584's short term assets (CN¥22.7B) exceed its short term liabilities (CN¥15.6B).

Long Term Liabilities: 600584's short term assets (CN¥22.7B) exceed its long term liabilities (CN¥9.5B).


Debt to Equity History and Analysis

Debt Level: 600584's net debt to equity ratio (5.2%) is considered satisfactory.

Reducing Debt: 600584's debt to equity ratio has reduced from 106.6% to 44.7% over the past 5 years.

Debt Coverage: 600584's debt is well covered by operating cash flow (41.9%).

Interest Coverage: 600584's interest payments on its debt are well covered by EBIT (12.5x coverage).


Balance Sheet


Discover healthy companies