Jiangsu Xinquan Automotive TrimLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Xinquan Automotive TrimLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 42.6%. Its total assets and total liabilities are CN¥13.4B and CN¥8.4B respectively. Jiangsu Xinquan Automotive TrimLtd's EBIT is CN¥917.7M making its interest coverage ratio 21.6. It has cash and short-term investments of CN¥1.4B.
Key information
42.6%
Debt to equity ratio
CN¥2.13b
Debt
| Interest coverage ratio | 21.6x |
| Cash | CN¥1.42b |
| Equity | CN¥5.01b |
| Total liabilities | CN¥8.44b |
| Total assets | CN¥13.45b |
Recent financial health updates
No updates
Recent updates
Is Jiangsu Xinquan Automotive Trim Co.,Ltd. (SHSE:603179) Potentially Undervalued?
Apr 08
Earnings Update: Jiangsu Xinquan Automotive Trim Co.,Ltd. (SHSE:603179) Just Reported Its Full-Year Results And Analysts Are Updating Their Forecasts
Mar 27With EPS Growth And More, Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Makes An Interesting Case
Mar 15Jiangsu Xinquan Automotive Trim Co.,Ltd. (SHSE:603179) Investors Are Less Pessimistic Than Expected
Mar 01Financial Position Analysis
Short Term Liabilities: 603179's short term assets (CN¥9.1B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 603179's short term assets (CN¥9.1B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 603179's net debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: 603179's debt to equity ratio has increased from 41.1% to 42.6% over the past 5 years.
Debt Coverage: 603179's debt is well covered by operating cash flow (27.6%).
Interest Coverage: 603179's interest payments on its debt are well covered by EBIT (21.6x coverage).