Aeolus Tyre Balance Sheet Health
Financial Health criteria checks 5/6
Aeolus Tyre has a total shareholder equity of CN¥3.3B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 35.7%. Its total assets and total liabilities are CN¥7.3B and CN¥3.9B respectively. Aeolus Tyre's EBIT is CN¥441.1M making its interest coverage ratio 19.7. It has cash and short-term investments of CN¥971.3M.
Key information
35.7%
Debt to equity ratio
CN¥1.19b
Debt
| Interest coverage ratio | 19.7x |
| Cash | CN¥971.31m |
| Equity | CN¥3.33b |
| Total liabilities | CN¥3.94b |
| Total assets | CN¥7.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600469's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 600469's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 600469's net debt to equity ratio (6.4%) is considered satisfactory.
Reducing Debt: 600469's debt to equity ratio has reduced from 115.2% to 35.7% over the past 5 years.
Debt Coverage: 600469's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: 600469's interest payments on its debt are well covered by EBIT (19.7x coverage).