Jiangsu New Energy Development Balance Sheet Health
Financial Health criteria checks 2/6
Jiangsu New Energy Development has a total shareholder equity of CN¥8.0B and total debt of CN¥7.8B, which brings its debt-to-equity ratio to 98.4%. Its total assets and total liabilities are CN¥17.4B and CN¥9.4B respectively. Jiangsu New Energy Development's EBIT is CN¥859.1M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥1.7B.
Key information
98.4%
Debt to equity ratio
CN¥7.85b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥1.74b |
| Equity | CN¥7.97b |
| Total liabilities | CN¥9.38b |
| Total assets | CN¥17.35b |
Recent financial health updates
These 4 Measures Indicate That Jiangsu New Energy Development (SHSE:603693) Is Using Debt Extensively
Oct 17
Here's Why Jiangsu New Energy Development (SHSE:603693) Has A Meaningful Debt Burden
Jul 16Recent updates
These 4 Measures Indicate That Jiangsu New Energy Development (SHSE:603693) Is Using Debt Extensively
Oct 17Jiangsu New Energy Development (SHSE:603693) Has Some Way To Go To Become A Multi-Bagger
Aug 21Here's Why Jiangsu New Energy Development (SHSE:603693) Has A Meaningful Debt Burden
Jul 16Jiangsu New Energy Development Co., Ltd.'s (SHSE:603693) Share Price Boosted 41% But Its Business Prospects Need A Lift Too
May 21Jiangsu New Energy Development (SHSE:603693) Has Some Way To Go To Become A Multi-Bagger
May 13A Piece Of The Puzzle Missing From Jiangsu New Energy Development Co., Ltd.'s (SHSE:603693) Share Price
Mar 28Financial Position Analysis
Short Term Liabilities: 603693's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603693's short term assets (CN¥5.6B) do not cover its long term liabilities (CN¥7.6B).
Debt to Equity History and Analysis
Debt Level: 603693's net debt to equity ratio (76.6%) is considered high.
Reducing Debt: 603693's debt to equity ratio has increased from 52.9% to 98.4% over the past 5 years.
Debt Coverage: 603693's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: 603693's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 12:07 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Jiangsu New Energy Development Co., Ltd. is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jian Jun Zou | Chasing Securities |
| Fu Yang | Chasing Securities |
| Yigong Tao | China Galaxy Securities Co., Ltd. |