China Automotive Engineering Research Institute Balance Sheet Health
Financial Health criteria checks 5/6
China Automotive Engineering Research Institute has a total shareholder equity of CN¥7.0B and total debt of CN¥267.5M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are CN¥9.2B and CN¥2.2B respectively. China Automotive Engineering Research Institute's EBIT is CN¥961.7M making its interest coverage ratio -14.4. It has cash and short-term investments of CN¥2.0B.
Key information
3.8%
Debt to equity ratio
CN¥267.50m
Debt
Interest coverage ratio | -14.4x |
Cash | CN¥2.04b |
Equity | CN¥7.01b |
Total liabilities | CN¥2.16b |
Total assets | CN¥9.16b |
Recent financial health updates
Recent updates
Returns At China Automotive Engineering Research Institute (SHSE:601965) Are On The Way Up
May 27Benign Growth For China Automotive Engineering Research Institute Co., Ltd. (SHSE:601965) Underpins Its Share Price
May 13Does China Automotive Engineering Research Institute (SHSE:601965) Deserve A Spot On Your Watchlist?
Apr 16We Think China Automotive Engineering Research Institute (SHSE:601965) Can Manage Its Debt With Ease
Mar 29Financial Position Analysis
Short Term Liabilities: 601965's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 601965's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥464.8M).
Debt to Equity History and Analysis
Debt Level: 601965 has more cash than its total debt.
Reducing Debt: 601965's debt to equity ratio has increased from 0.06% to 3.8% over the past 5 years.
Debt Coverage: 601965's debt is well covered by operating cash flow (264%).
Interest Coverage: 601965 earns more interest than it pays, so coverage of interest payments is not a concern.