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¥471.7M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are CN¥4.2B and CN¥2.6B respectively. Shenyang Jinbei Automotive's EBIT is CN¥307.8M making its interest coverage ratio -2.9. It has cash and short-term investments of CN¥2.0B.
Key information
30.7%
Debt to equity ratio
CN¥471.73m
Debt
| Interest coverage ratio | -2.9x |
| Cash | CN¥1.98b |
| Equity | CN¥1.53b |
| Total liabilities | CN¥2.64b |
| Total assets | CN¥4.17b |
Recent financial health updates
Recent updates
Shenyang Jinbei Automotive (SHSE:600609) Has A Pretty Healthy Balance Sheet
Aug 03
Shenyang Jinbei Automotive (SHSE:600609) Will Be Hoping To Turn Its Returns On Capital Around
Jun 07We Think You Can Look Beyond Shenyang Jinbei Automotive's (SHSE:600609) Lackluster Earnings
May 06Here's Why Shenyang Jinbei Automotive (SHSE:600609) Has Caught The Eye Of Investors
Apr 29Shenyang Jinbei Automotive Company Limited's (SHSE:600609) Shares Leap 27% Yet They're Still Not Telling The Full Story
Mar 08Financial Position Analysis
Short Term Liabilities: 600609's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 600609's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥155.4M).
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 255.7% to 30.7% over the past 5 years.
Debt Coverage: 600609's debt is well covered by operating cash flow (232.6%).
Interest Coverage: 600609 earns more interest than it pays, so coverage of interest payments is not a concern.