Jiangsu Liance Electromechanical Technology Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Liance Electromechanical Technology has a total shareholder equity of CN¥908.2M and total debt of CN¥3.5M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥1.3B and CN¥352.1M respectively. Jiangsu Liance Electromechanical Technology's EBIT is CN¥109.5M making its interest coverage ratio -61.9. It has cash and short-term investments of CN¥259.5M.
Key information
0.4%
Debt to equity ratio
CN¥3.49m
Debt
Interest coverage ratio | -61.9x |
Cash | CN¥259.47m |
Equity | CN¥908.25m |
Total liabilities | CN¥352.10m |
Total assets | CN¥1.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688113's short term assets (CN¥867.9M) exceed its short term liabilities (CN¥303.3M).
Long Term Liabilities: 688113's short term assets (CN¥867.9M) exceed its long term liabilities (CN¥48.8M).
Debt to Equity History and Analysis
Debt Level: 688113 has more cash than its total debt.
Reducing Debt: 688113's debt to equity ratio has reduced from 1.8% to 0.4% over the past 5 years.
Debt Coverage: 688113's debt is well covered by operating cash flow (2251.4%).
Interest Coverage: 688113 earns more interest than it pays, so coverage of interest payments is not a concern.