Changchun Engley Automobile IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Changchun Engley Automobile IndustryLtd has a total shareholder equity of CN¥4.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are CN¥8.3B and CN¥3.6B respectively. Changchun Engley Automobile IndustryLtd's EBIT is CN¥147.7M making its interest coverage ratio 10. It has cash and short-term investments of CN¥1.6B.
Key information
29.3%
Debt to equity ratio
CN¥1.39b
Debt
| Interest coverage ratio | 10x |
| Cash | CN¥1.61b |
| Equity | CN¥4.76b |
| Total liabilities | CN¥3.57b |
| Total assets | CN¥8.33b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Changchun Engley Automobile IndustryLtd (SHSE:601279) Paint A Concerning Picture
Jun 26
Changchun 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¥4.5B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 601279's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥1.0B).
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 32.6% to 29.3% over the past 5 years.
Debt Coverage: 601279's debt is well covered by operating cash flow (42.1%).
Interest Coverage: 601279's interest payments on its debt are well covered by EBIT (10x coverage).