Changchun Engley Automobile IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Changchun Engley Automobile IndustryLtd has a total shareholder equity of CN¥4.7B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are CN¥7.8B and CN¥3.1B respectively. Changchun Engley Automobile IndustryLtd's EBIT is CN¥101.9M making its interest coverage ratio 4.9. It has cash and short-term investments of CN¥1.4B.
Key information
23.8%
Debt to equity ratio
CN¥1.13b
Debt
| Interest coverage ratio | 4.9x |
| Cash | CN¥1.39b |
| Equity | CN¥4.75b |
| Total liabilities | CN¥3.07b |
| Total assets | CN¥7.82b |
Recent financial health updates
Recent updates
Changchun Engley Automobile IndustryLtd's (SHSE:601279) Anemic Earnings Might Be Worse Than You Think
Nov 06
What Changchun Engley Automobile Industry Co.,Ltd.'s (SHSE:601279) P/E Is Not Telling You
Oct 23Returns On Capital At Changchun Engley Automobile IndustryLtd (SHSE:601279) Paint A Concerning Picture
Sep 26Changchun Engley Automobile IndustryLtd (SHSE:601279) Has A Pretty Healthy Balance Sheet
Jul 23Returns On Capital At Changchun Engley Automobile IndustryLtd (SHSE:601279) Paint A Concerning Picture
Jun 26Changchun Engley Automobile Industry Co.,Ltd.'s (SHSE:601279) Business Is Yet to Catch Up With Its Share Price
May 27Changchun Engley Automobile IndustryLtd's (SHSE:601279) Performance Is Even Better Than Its Earnings Suggest
Apr 05Financial Position Analysis
Short Term Liabilities: 601279's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 601279's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥859.0M).
Debt to Equity History and Analysis
Debt Level: 601279 has more cash than its total debt.
Reducing Debt: 601279's debt to equity ratio has reduced from 30.5% to 23.8% over the past 5 years.
Debt Coverage: 601279's debt is well covered by operating cash flow (62.8%).
Interest Coverage: 601279's interest payments on its debt are well covered by EBIT (4.9x coverage).