Jiangsu Changshu Automotive Trim Group Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Changshu Automotive Trim Group has a total shareholder equity of CN¥5.1B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 29.2%. Its total assets and total liabilities are CN¥10.1B and CN¥5.0B respectively. Jiangsu Changshu Automotive Trim Group's EBIT is CN¥386.7M making its interest coverage ratio -2. It has cash and short-term investments of CN¥411.4M.
Key information
29.2%
Debt to equity ratio
CN¥1.50b
Debt
| Interest coverage ratio | -2x |
| Cash | CN¥411.37m |
| Equity | CN¥5.14b |
| Total liabilities | CN¥4.99b |
| Total assets | CN¥10.13b |
Recent financial health updates
Recent updates
Jiangsu Changshu Automotive Trim Group (SHSE:603035) Strong Profits May Be Masking Some Underlying Issues
Apr 22
Jiangsu Changshu Automotive Trim Group (SHSE:603035) Has A Somewhat Strained Balance Sheet
Mar 17The Market Doesn't Like What It Sees From Jiangsu Changshu Automotive Trim Group Co., Ltd.'s (SHSE:603035) Earnings Yet
Feb 27Financial Position Analysis
Short Term Liabilities: 603035's short term assets (CN¥4.0B) do not cover its short term liabilities (CN¥4.5B).
Long Term Liabilities: 603035's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥474.9M).
Debt to Equity History and Analysis
Debt Level: 603035's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: 603035's debt to equity ratio has reduced from 48.6% to 29.2% over the past 5 years.
Debt Coverage: 603035's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603035 earns more interest than it pays, so coverage of interest payments is not a concern.