Jiaze Renewables Balance Sheet Health
Financial Health criteria checks 4/6
Jiaze Renewables has a total shareholder equity of CN¥6.7B and total debt of CN¥5.9B, which brings its debt-to-equity ratio to 87.2%. Its total assets and total liabilities are CN¥21.8B and CN¥15.1B respectively. Jiaze Renewables's EBIT is CN¥1.3B making its interest coverage ratio 9.2. It has cash and short-term investments of CN¥574.8M.
Key information
87.2%
Debt to equity ratio
CN¥5.87b
Debt
| Interest coverage ratio | 9.2x |
| Cash | CN¥574.83m |
| Equity | CN¥6.74b |
| Total liabilities | CN¥15.11b |
| Total assets | CN¥21.85b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601619's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 601619's short term assets (CN¥4.3B) do not cover its long term liabilities (CN¥12.8B).
Debt to Equity History and Analysis
Debt Level: 601619's net debt to equity ratio (78.6%) is considered high.
Reducing Debt: 601619's debt to equity ratio has reduced from 163.8% to 87.2% over the past 5 years.
Debt Coverage: 601619's debt is well covered by operating cash flow (28.1%).
Interest Coverage: 601619's interest payments on its debt are well covered by EBIT (9.2x coverage).