Jiangxi Ganneng Balance Sheet Health
Financial Health criteria checks 3/6
Jiangxi Ganneng has a total shareholder equity of CN¥5.5B and total debt of CN¥7.4B, which brings its debt-to-equity ratio to 132.9%. Its total assets and total liabilities are CN¥13.8B and CN¥8.2B respectively. Jiangxi Ganneng's EBIT is CN¥815.8M making its interest coverage ratio -10.9. It has cash and short-term investments of CN¥316.5M.
Key information
132.9%
Debt to equity ratio
CN¥7.37b
Debt
Interest coverage ratio | -10.9x |
Cash | CN¥316.46m |
Equity | CN¥5.54b |
Total liabilities | CN¥8.24b |
Total assets | CN¥13.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000899's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 000899's short term assets (CN¥1.9B) do not cover its long term liabilities (CN¥6.4B).
Debt to Equity History and Analysis
Debt Level: 000899's net debt to equity ratio (127.2%) is considered high.
Reducing Debt: 000899's debt to equity ratio has increased from 49.9% to 132.9% over the past 5 years.
Debt Coverage: 000899's debt is well covered by operating cash flow (21.9%).
Interest Coverage: 000899 earns more interest than it pays, so coverage of interest payments is not a concern.