Changchun FAWAY Automobile ComponentsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Changchun FAWAY Automobile ComponentsLtd has a total shareholder equity of CN¥9.8B and total debt of CN¥481.8M, which brings its debt-to-equity ratio to 4.9%. Its total assets and total liabilities are CN¥22.1B and CN¥12.3B respectively. Changchun FAWAY Automobile ComponentsLtd's EBIT is CN¥493.5M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥7.5B.
Key information
4.9%
Debt to equity ratio
CN¥481.82m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥7.45b |
| Equity | CN¥9.84b |
| Total liabilities | CN¥12.27b |
| Total assets | CN¥22.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600742's short term assets (CN¥13.9B) exceed its short term liabilities (CN¥11.0B).
Long Term Liabilities: 600742's short term assets (CN¥13.9B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 600742 has more cash than its total debt.
Reducing Debt: 600742's debt to equity ratio has increased from 1.9% to 4.9% over the past 5 years.
Debt Coverage: 600742's debt is well covered by operating cash flow (374.5%).
Interest Coverage: 600742 earns more interest than it pays, so coverage of interest payments is not a concern.