Jiangsu United Water TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu United Water TechnologyLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥837.6M, which brings its debt-to-equity ratio to 46.8%. Its total assets and total liabilities are CN¥3.7B and CN¥1.9B respectively. Jiangsu United Water TechnologyLtd's EBIT is CN¥290.6M making its interest coverage ratio -119.7. It has cash and short-term investments of CN¥198.6M.
Key information
46.8%
Debt to equity ratio
CN¥837.65m
Debt
Interest coverage ratio | -119.7x |
Cash | CN¥198.60m |
Equity | CN¥1.79b |
Total liabilities | CN¥1.87b |
Total assets | CN¥3.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603291's short term assets (CN¥756.4M) exceed its short term liabilities (CN¥748.4M).
Long Term Liabilities: 603291's short term assets (CN¥756.4M) do not cover its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603291's net debt to equity ratio (35.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 603291's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603291's debt is well covered by operating cash flow (38.6%).
Interest Coverage: 603291 earns more interest than it pays, so coverage of interest payments is not a concern.