Jointo Energy Investment Hebei Balance Sheet Health
Financial Health criteria checks 0/6
Jointo Energy Investment Hebei has a total shareholder equity of CN¥13.0B and total debt of CN¥22.1B, which brings its debt-to-equity ratio to 170.6%. Its total assets and total liabilities are CN¥40.2B and CN¥27.2B respectively. Jointo Energy Investment Hebei's EBIT is CN¥808.3M making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥1.4B.
Key information
170.6%
Debt to equity ratio
CN¥22.14b
Debt
| Interest coverage ratio | 1.9x |
| Cash | CN¥1.43b |
| Equity | CN¥12.98b |
| Total liabilities | CN¥27.22b |
| Total assets | CN¥40.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000600's short term assets (CN¥6.5B) do not cover its short term liabilities (CN¥10.0B).
Long Term Liabilities: 000600's short term assets (CN¥6.5B) do not cover its long term liabilities (CN¥17.2B).
Debt to Equity History and Analysis
Debt Level: 000600's net debt to equity ratio (159.6%) is considered high.
Reducing Debt: 000600's debt to equity ratio has increased from 96.9% to 170.6% over the past 5 years.
Debt Coverage: 000600's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: 000600's interest payments on its debt are not well covered by EBIT (1.9x coverage).