Jiaze Renewables Balance Sheet Health
Financial Health criteria checks 4/6
Jiaze Renewables has a total shareholder equity of CN¥6.6B and total debt of CN¥5.0B, which brings its debt-to-equity ratio to 76.3%. Its total assets and total liabilities are CN¥21.6B and CN¥15.0B respectively. Jiaze Renewables's EBIT is CN¥1.3B making its interest coverage ratio 8.6. It has cash and short-term investments of CN¥718.0M.
Key information
76.3%
Debt to equity ratio
CN¥5.04b
Debt
| Interest coverage ratio | 8.6x |
| Cash | CN¥718.05m |
| Equity | CN¥6.60b |
| Total liabilities | CN¥14.98b |
| Total assets | CN¥21.58b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601619's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 601619's short term assets (CN¥4.6B) do not cover its long term liabilities (CN¥12.9B).
Debt to Equity History and Analysis
Debt Level: 601619's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: 601619's debt to equity ratio has reduced from 169.4% to 76.3% over the past 5 years.
Debt Coverage: 601619's debt is well covered by operating cash flow (26.8%).
Interest Coverage: 601619's interest payments on its debt are well covered by EBIT (8.6x coverage).