Ananda Drive Techniques(Shanghai)Co Balance Sheet Health
Financial Health criteria checks 6/6
Ananda Drive Techniques(Shanghai)Co has a total shareholder equity of CN¥728.3M and total debt of CN¥3.2M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥1.4B and CN¥662.7M respectively. Ananda Drive Techniques(Shanghai)Co's EBIT is CN¥141.0M making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥526.3M.
Key information
0.4%
Debt to equity ratio
CN¥3.22m
Debt
Interest coverage ratio | -10.6x |
Cash | CN¥526.29m |
Equity | CN¥728.31m |
Total liabilities | CN¥662.66m |
Total assets | CN¥1.39b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 603350's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥616.4M).
Long Term Liabilities: 603350's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥46.3M).
Debt to Equity History and Analysis
Debt Level: 603350 has more cash than its total debt.
Reducing Debt: 603350's debt to equity ratio has reduced from 18.3% to 0.4% over the past 5 years.
Debt Coverage: 603350's debt is well covered by operating cash flow (11547.2%).
Interest Coverage: 603350 earns more interest than it pays, so coverage of interest payments is not a concern.