JL Mag Rare-Earth Co., Ltd.

DB:3KLA Stock Report

Market Cap: €3.2b

JL Mag Rare-Earth Balance Sheet Health

Financial Health criteria checks 6/6

JL Mag Rare-Earth has a total shareholder equity of CN¥6.8B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 19.1%. Its total assets and total liabilities are CN¥11.1B and CN¥4.3B respectively. JL Mag Rare-Earth's EBIT is CN¥58.9M making its interest coverage ratio -1.2. It has cash and short-term investments of CN¥3.4B.

Key information

19.1%

Debt to equity ratio

CN¥1.30b

Debt

Interest coverage ratio-1.2x
CashCN¥3.35b
EquityCN¥6.76b
Total liabilitiesCN¥4.32b
Total assetsCN¥11.08b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 3KLA's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥3.3B).

Long Term Liabilities: 3KLA's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥1.0B).


Debt to Equity History and Analysis

Debt Level: 3KLA has more cash than its total debt.

Reducing Debt: 3KLA's debt to equity ratio has reduced from 48.6% to 19.1% over the past 5 years.

Debt Coverage: 3KLA's debt is well covered by operating cash flow (70.1%).

Interest Coverage: 3KLA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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