Huada Automotive TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Huada Automotive TechnologyLtd has a total shareholder equity of CN¥3.9B and total debt of CN¥540.6M, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are CN¥6.8B and CN¥2.8B respectively. Huada Automotive TechnologyLtd's EBIT is CN¥461.1M making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥1.1B.
Key information
13.8%
Debt to equity ratio
CN¥540.60m
Debt
Interest coverage ratio | -7.3x |
Cash | CN¥1.06b |
Equity | CN¥3.92b |
Total liabilities | CN¥2.84b |
Total assets | CN¥6.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603358's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 603358's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥400.0M).
Debt to Equity History and Analysis
Debt Level: 603358 has more cash than its total debt.
Reducing Debt: 603358's debt to equity ratio has increased from 0.2% to 13.8% over the past 5 years.
Debt Coverage: 603358's debt is well covered by operating cash flow (64%).
Interest Coverage: 603358 earns more interest than it pays, so coverage of interest payments is not a concern.