Changzhou Tenglong AutoPartsCo.Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Changzhou Tenglong AutoPartsCo.Ltd has a total shareholder equity of CN¥2.4B and total debt of CN¥983.9M, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are CN¥4.6B and CN¥2.2B respectively. Changzhou Tenglong AutoPartsCo.Ltd's EBIT is CN¥397.7M making its interest coverage ratio 11.3. It has cash and short-term investments of CN¥576.4M.
Key information
41.0%
Debt to equity ratio
CN¥983.86m
Debt
| Interest coverage ratio | 11.3x |
| Cash | CN¥576.44m |
| Equity | CN¥2.40b |
| Total liabilities | CN¥2.18b |
| Total assets | CN¥4.58b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603158's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603158's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥96.1M).
Debt to Equity History and Analysis
Debt Level: 603158's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: 603158's debt to equity ratio has increased from 22.3% to 41% over the past 5 years.
Debt Coverage: 603158's debt is well covered by operating cash flow (30.6%).
Interest Coverage: 603158's interest payments on its debt are well covered by EBIT (11.3x coverage).