Dongfeng Electronic TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Dongfeng Electronic TechnologyLtd has a total shareholder equity of CN¥5.5B and total debt of CN¥428.7M, which brings its debt-to-equity ratio to 7.8%. Its total assets and total liabilities are CN¥10.2B and CN¥4.7B respectively. Dongfeng Electronic TechnologyLtd's EBIT is CN¥138.0M making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥3.4B.
Key information
7.8%
Debt to equity ratio
CN¥428.69m
Debt
Interest coverage ratio | -0.7x |
Cash | CN¥3.42b |
Equity | CN¥5.49b |
Total liabilities | CN¥4.68b |
Total assets | CN¥10.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600081's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥4.5B).
Long Term Liabilities: 600081's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥226.0M).
Debt to Equity History and Analysis
Debt Level: 600081 has more cash than its total debt.
Reducing Debt: 600081's debt to equity ratio has reduced from 17.3% to 7.8% over the past 5 years.
Debt Coverage: 600081's debt is well covered by operating cash flow (67.8%).
Interest Coverage: 600081 earns more interest than it pays, so coverage of interest payments is not a concern.