Jiangsu Expressway Balance Sheet Health
Financial Health criteria checks 3/6
Jiangsu Expressway has a total shareholder equity of CN¥42.9B and total debt of CN¥34.2B, which brings its debt-to-equity ratio to 79.8%. Its total assets and total liabilities are CN¥81.4B and CN¥38.6B respectively. Jiangsu Expressway's EBIT is CN¥5.2B making its interest coverage ratio -10.5. It has cash and short-term investments of CN¥6.2B.
Key information
79.8%
Debt to equity ratio
CN¥34.22b
Debt
Interest coverage ratio | -10.5x |
Cash | CN¥6.17b |
Equity | CN¥42.88b |
Total liabilities | CN¥38.56b |
Total assets | CN¥81.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JE2's short term assets (CN¥10.6B) exceed its short term liabilities (CN¥9.9B).
Long Term Liabilities: JE2's short term assets (CN¥10.6B) do not cover its long term liabilities (CN¥28.6B).
Debt to Equity History and Analysis
Debt Level: JE2's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: JE2's debt to equity ratio has increased from 51.6% to 79.8% over the past 5 years.
Debt Coverage: JE2's debt is well covered by operating cash flow (21.7%).
Interest Coverage: JE2 earns more interest than it pays, so coverage of interest payments is not a concern.