Juneyao Airlines Balance Sheet Health
Financial Health criteria checks 1/6
Juneyao Airlines has a total shareholder equity of CN¥8.4B and total debt of CN¥16.6B, which brings its debt-to-equity ratio to 196.4%. Its total assets and total liabilities are CN¥46.3B and CN¥37.9B respectively. Juneyao Airlines's EBIT is CN¥2.7B making its interest coverage ratio 2. It has cash and short-term investments of CN¥1.7B.
Key information
196.4%
Debt to equity ratio
CN¥16.58b
Debt
| Interest coverage ratio | 2x |
| Cash | CN¥1.73b |
| Equity | CN¥8.44b |
| Total liabilities | CN¥37.89b |
| Total assets | CN¥46.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603885's short term assets (CN¥4.6B) do not cover its short term liabilities (CN¥18.5B).
Long Term Liabilities: 603885's short term assets (CN¥4.6B) do not cover its long term liabilities (CN¥19.4B).
Debt to Equity History and Analysis
Debt Level: 603885's net debt to equity ratio (176%) is considered high.
Reducing Debt: 603885's debt to equity ratio has increased from 89.4% to 196.4% over the past 5 years.
Debt Coverage: 603885's debt is well covered by operating cash flow (36.3%).
Interest Coverage: 603885's interest payments on its debt are not well covered by EBIT (2x coverage).