Jiangxi Ganneng Balance Sheet Health
Financial Health criteria checks 2/6
Jiangxi Ganneng has a total shareholder equity of CN¥5.9B and total debt of CN¥9.3B, which brings its debt-to-equity ratio to 157.9%. Its total assets and total liabilities are CN¥16.4B and CN¥10.5B respectively. Jiangxi Ganneng's EBIT is CN¥804.6M making its interest coverage ratio 6.9. It has cash and short-term investments of CN¥635.4M.
Key information
157.9%
Debt to equity ratio
CN¥9.25b
Debt
| Interest coverage ratio | 6.9x |
| Cash | CN¥635.38m |
| Equity | CN¥5.86b |
| Total liabilities | CN¥10.52b |
| Total assets | CN¥16.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000899's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 000899's short term assets (CN¥2.6B) do not cover its long term liabilities (CN¥8.5B).
Debt to Equity History and Analysis
Debt Level: 000899's net debt to equity ratio (147.1%) is considered high.
Reducing Debt: 000899's debt to equity ratio has increased from 45.2% to 157.9% over the past 5 years.
Debt Coverage: 000899's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: 000899's interest payments on its debt are well covered by EBIT (6.9x coverage).