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¥281.4M making its interest coverage ratio -2.7. 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 | -2.7x |
| Cash | CN¥1.80b |
| Equity | CN¥1.48b |
| Total liabilities | CN¥2.38b |
| Total assets | CN¥3.85b |
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¥2.4B) 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.