Jiangsu Xinquan Automotive TrimLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Xinquan Automotive TrimLtd has a total shareholder equity of CN¥5.4B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are CN¥14.7B and CN¥9.3B respectively. Jiangsu Xinquan Automotive TrimLtd's EBIT is CN¥1.2B making its interest coverage ratio 15. It has cash and short-term investments of CN¥882.4M.
Key information
48.8%
Debt to equity ratio
CN¥2.64b
Debt
| Interest coverage ratio | 15x |
| Cash | CN¥882.35m |
| Equity | CN¥5.42b |
| Total liabilities | CN¥9.25b |
| Total assets | CN¥14.67b |
Recent financial health updates
Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Has A Pretty Healthy Balance Sheet
Oct 08
We Think Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Can Stay On Top Of Its Debt
Jun 21Recent updates
Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Strong Profits May Be Masking Some Underlying Issues
Nov 07Does Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Deserve A Spot On Your Watchlist?
Oct 21Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Has A Pretty Healthy Balance Sheet
Oct 08Even With A 27% Surge, Cautious Investors Are Not Rewarding Jiangsu Xinquan Automotive Trim Co.,Ltd.'s (SHSE:603179) Performance Completely
Sep 27Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Hasn't Managed To Accelerate Its Returns
Sep 12Calculating The Fair Value Of Jiangsu Xinquan Automotive Trim Co.,Ltd. (SHSE:603179)
Aug 26Why We're Not Concerned About Jiangsu Xinquan Automotive Trim Co.,Ltd.'s (SHSE:603179) Share Price
Jul 17We Think Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Can Stay On Top Of Its Debt
Jun 21Jiangsu Xinquan Automotive TrimLtd (SHSE:603179) Hasn't Managed To Accelerate Its Returns
May 22Additional Considerations Required While Assessing Jiangsu Xinquan Automotive TrimLtd's (SHSE:603179) Strong Earnings
May 06Is Jiangsu Xinquan Automotive Trim Co.,Ltd. (SHSE:603179) Potentially Undervalued?
Apr 08Earnings 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¥9.3B) exceed its short term liabilities (CN¥7.0B).
Long Term Liabilities: 603179's short term assets (CN¥9.3B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 603179's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: 603179's debt to equity ratio has reduced from 65.8% to 48.8% over the past 5 years.
Debt Coverage: 603179's debt is well covered by operating cash flow (26%).
Interest Coverage: 603179's interest payments on its debt are well covered by EBIT (15x coverage).