Jiangsu New Energy Development Balance Sheet Health
Financial Health criteria checks 2/6
Jiangsu New Energy Development has a total shareholder equity of CN¥7.7B and total debt of CN¥5.4B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are CN¥16.8B and CN¥9.1B respectively. Jiangsu New Energy Development's EBIT is CN¥900.7M making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥1.5B.
Key information
69.2%
Debt to equity ratio
CN¥5.35b
Debt
Interest coverage ratio | 3.7x |
Cash | CN¥1.49b |
Equity | CN¥7.73b |
Total liabilities | CN¥9.09b |
Total assets | CN¥16.83b |
Recent financial health updates
No updates
Recent updates
Jiangsu 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¥5.0B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603693's short term assets (CN¥5.0B) do not cover its long term liabilities (CN¥7.0B).
Debt to Equity History and Analysis
Debt Level: 603693's net debt to equity ratio (49.9%) is considered high.
Reducing Debt: 603693's debt to equity ratio has increased from 54.1% to 69.2% over the past 5 years.
Debt Coverage: 603693's debt is not well covered by operating cash flow (18.9%).
Interest Coverage: 603693's interest payments on its debt are well covered by EBIT (3.7x coverage).