Shenyang Jinbei Automotive Balance Sheet Health
Financial Health criteria checks 6/6
Shenyang Jinbei Automotive has a total shareholder equity of CN¥1.5B and total debt of CN¥481.3M, which brings its debt-to-equity ratio to 32.6%. Its total assets and total liabilities are CN¥3.9B and CN¥2.4B respectively. Shenyang Jinbei Automotive's EBIT is CN¥338.9M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥1.8B.
Key information
32.6%
Debt to equity ratio
CN¥481.30m
Debt
Interest coverage ratio | -2.8x |
Cash | CN¥1.80b |
Equity | CN¥1.48b |
Total liabilities | CN¥2.38b |
Total assets | CN¥3.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600609's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 600609's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥155.9M).
Debt to Equity History and Analysis
Debt Level: 600609 has more cash than its total debt.
Reducing Debt: 600609's debt to equity ratio has reduced from 245.4% to 32.6% over the past 5 years.
Debt Coverage: 600609's debt is well covered by operating cash flow (225.8%).
Interest Coverage: 600609 earns more interest than it pays, so coverage of interest payments is not a concern.