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
No updates
Recent updates
Financial 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.