Juneyao Airlines Balance Sheet Health
Financial Health criteria checks 1/6
Juneyao Airlines has a total shareholder equity of CN¥8.3B and total debt of CN¥18.9B, which brings its debt-to-equity ratio to 228.3%. Its total assets and total liabilities are CN¥44.9B and CN¥36.6B respectively. Juneyao Airlines's EBIT is CN¥2.9B making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥1.2B.
Key information
228.3%
Debt to equity ratio
CN¥18.92b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥1.16b |
| Equity | CN¥8.29b |
| Total liabilities | CN¥36.60b |
| Total assets | CN¥44.89b |
Recent financial health updates
Recent updates
Here's Why Juneyao Airlines (SHSE:603885) Has A Meaningful Debt Burden
May 22
Juneyao Airlines' (SHSE:603885) Earnings May Just Be The Starting Point
Apr 15Earnings Miss: Juneyao Airlines Co., Ltd Missed EPS By 17% And Analysts Are Revising Their Forecasts
Apr 10Juneyao Airlines Co., Ltd's (SHSE:603885) Earnings Haven't Escaped The Attention Of Investors
Mar 23Are Investors Undervaluing Juneyao Airlines Co., Ltd (SHSE:603885) By 33%?
Mar 01Financial Position Analysis
Short Term Liabilities: 603885's short term assets (CN¥3.8B) do not cover its short term liabilities (CN¥18.0B).
Long Term Liabilities: 603885's short term assets (CN¥3.8B) do not cover its long term liabilities (CN¥18.7B).
Debt to Equity History and Analysis
Debt Level: 603885's net debt to equity ratio (214.3%) is considered high.
Reducing Debt: 603885's debt to equity ratio has increased from 96.4% to 228.3% over the past 5 years.
Debt Coverage: 603885's debt is well covered by operating cash flow (33.7%).
Interest Coverage: 603885's interest payments on its debt are not well covered by EBIT (2.1x coverage).