Jointo Energy Investment Hebei Balance Sheet Health
Financial Health criteria checks 1/6
Jointo Energy Investment Hebei has a total shareholder equity of CN¥12.6B and total debt of CN¥21.8B, which brings its debt-to-equity ratio to 172.7%. Its total assets and total liabilities are CN¥37.9B and CN¥25.3B respectively. Jointo Energy Investment Hebei's EBIT is CN¥166.1M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥1.8B.
Key information
172.7%
Debt to equity ratio
CN¥21.78b
Debt
| Interest coverage ratio | 0.7x |
| Cash | CN¥1.78b |
| Equity | CN¥12.61b |
| Total liabilities | CN¥25.27b |
| Total assets | CN¥37.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000600's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥6.4B).
Long Term Liabilities: 000600's short term assets (CN¥6.8B) do not cover its long term liabilities (CN¥18.9B).
Debt to Equity History and Analysis
Debt Level: 000600's net debt to equity ratio (158.6%) is considered high.
Reducing Debt: 000600's debt to equity ratio has increased from 98.2% to 172.7% over the past 5 years.
Debt Coverage: 000600's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: 000600's interest payments on its debt are not well covered by EBIT (0.7x coverage).