Jiangsu Azure Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Azure has a total shareholder equity of CN¥6.9B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 21.9%. Its total assets and total liabilities are CN¥10.4B and CN¥3.5B respectively. Jiangsu Azure's EBIT is CN¥276.8M making its interest coverage ratio -21.7. It has cash and short-term investments of CN¥1.5B.
Key information
21.9%
Debt to equity ratio
CN¥1.52b
Debt
| Interest coverage ratio | -21.7x |
| Cash | CN¥1.50b |
| Equity | CN¥6.91b |
| Total liabilities | CN¥3.48b |
| Total assets | CN¥10.38b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Jiangsu Azure (SZSE:002245) Is Using Debt Reasonably Well
Jun 24
The Returns On Capital At Jiangsu Azure (SZSE:002245) Don't Inspire Confidence
Jun 04Jiangsu Azure's (SZSE:002245) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 09Jiangsu Azure Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 05Investors Appear Satisfied With Jiangsu Azure Corporation's (SZSE:002245) Prospects
Feb 29Financial Position Analysis
Short Term Liabilities: 002245's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 002245's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥500.0M).
Debt to Equity History and Analysis
Debt Level: 002245's net debt to equity ratio (0.2%) is considered satisfactory.
Reducing Debt: 002245's debt to equity ratio has reduced from 66.7% to 21.9% over the past 5 years.
Debt Coverage: 002245's debt is well covered by operating cash flow (58.2%).
Interest Coverage: 002245 earns more interest than it pays, so coverage of interest payments is not a concern.