Jiangsu New Energy Development Balance Sheet Health
Financial Health criteria checks 1/6
Jiangsu New Energy Development has a total shareholder equity of CN¥7.7B and total debt of CN¥7.5B, which brings its debt-to-equity ratio to 98.1%. Its total assets and total liabilities are CN¥17.0B and CN¥9.3B respectively. Jiangsu New Energy Development's EBIT is CN¥727.7M making its interest coverage ratio 3. It has cash and short-term investments of CN¥1.5B.
Key information
98.1%
Debt to equity ratio
CN¥7.55b
Debt
| Interest coverage ratio | 3x |
| Cash | CN¥1.50b |
| Equity | CN¥7.69b |
| Total liabilities | CN¥9.34b |
| Total assets | CN¥17.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603693's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 603693's short term assets (CN¥5.1B) do not cover its long term liabilities (CN¥7.0B).
Debt to Equity History and Analysis
Debt Level: 603693's net debt to equity ratio (78.6%) is considered high.
Reducing Debt: 603693's debt to equity ratio has increased from 50.9% to 98.1% over the past 5 years.
Debt Coverage: 603693's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: 603693's interest payments on its debt are not well covered by EBIT (3x coverage).