Jiangsu Guoxin Balance Sheet Health
Financial Health criteria checks 2/6
Jiangsu Guoxin has a total shareholder equity of CN¥44.1B and total debt of CN¥39.2B, which brings its debt-to-equity ratio to 88.9%. Its total assets and total liabilities are CN¥91.0B and CN¥46.9B respectively. Jiangsu Guoxin's EBIT is CN¥3.5B making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥19.3B.
Key information
88.9%
Debt to equity ratio
CN¥39.23b
Debt
| Interest coverage ratio | -2.6x |
| Cash | CN¥19.32b |
| Equity | CN¥44.12b |
| Total liabilities | CN¥46.89b |
| Total assets | CN¥91.02b |
Recent financial health updates
Recent updates
There Are Reasons To Feel Uneasy About Jiangsu Guoxin's (SZSE:002608) Returns On Capital
Dec 23
Jiangsu Guoxin's (SZSE:002608) Performance Is Even Better Than Its Earnings Suggest
Nov 07Little Excitement Around Jiangsu Guoxin Corp. Ltd.'s (SZSE:002608) Earnings
Oct 21Is Jiangsu Guoxin (SZSE:002608) A Risky Investment?
Sep 26Jiangsu Guoxin (SZSE:002608) Might Be Having Difficulty Using Its Capital Effectively
Aug 07Jiangsu Guoxin Corp. Ltd. (SZSE:002608) Looks Inexpensive But Perhaps Not Attractive Enough
Jun 16Solid Earnings Reflect Jiangsu Guoxin's (SZSE:002608) Strength As A Business
May 03Jiangsu Guoxin Corp. Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Apr 15Investors Appear Satisfied With Jiangsu Guoxin Corp. Ltd.'s (SZSE:002608) Prospects
Feb 29Financial Position Analysis
Short Term Liabilities: 002608's short term assets (CN¥26.4B) exceed its short term liabilities (CN¥19.7B).
Long Term Liabilities: 002608's short term assets (CN¥26.4B) do not cover its long term liabilities (CN¥27.2B).
Debt to Equity History and Analysis
Debt Level: 002608's net debt to equity ratio (45.1%) is considered high.
Reducing Debt: 002608's debt to equity ratio has increased from 68.2% to 88.9% over the past 5 years.
Debt Coverage: 002608's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: 002608 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 17:18 |
| End of Day Share Price | 2024/12/23 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 Guoxin Corp. Ltd. is covered by 5 analysts. 2 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 |
|---|---|
| Yigong Tao | China Galaxy Securities Co., Ltd. |
| Yi Cai | Industrial Securities Co. Ltd. |
| Yongkang Deng | Minsheng Securities Co. |