Ningbo Gaofa Automotive Control System Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Gaofa Automotive Control System has a total shareholder equity of CN¥2.0B and total debt of CN¥10.4M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥2.5B and CN¥462.1M respectively. Ningbo Gaofa Automotive Control System's EBIT is CN¥199.1M making its interest coverage ratio -8.6. It has cash and short-term investments of CN¥676.5M.
Key information
0.5%
Debt to equity ratio
CN¥10.44m
Debt
| Interest coverage ratio | -8.6x |
| Cash | CN¥676.51m |
| Equity | CN¥2.03b |
| Total liabilities | CN¥462.09m |
| Total assets | CN¥2.50b |
Recent financial health updates
No updates
Recent updates
Ningbo Gaofa Automotive Control System's (SHSE:603788) Earnings Are Weaker Than They Seem
Apr 26
Ningbo Gaofa Automotive Control System (SHSE:603788) Will Be Hoping To Turn Its Returns On Capital Around
Apr 01Improved Earnings Required Before Ningbo Gaofa Automotive Control System Co., Ltd. (SHSE:603788) Stock's 32% Jump Looks Justified
Mar 08Financial Position Analysis
Short Term Liabilities: 603788's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥428.0M).
Long Term Liabilities: 603788's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥34.1M).
Debt to Equity History and Analysis
Debt Level: 603788 has more cash than its total debt.
Reducing Debt: 603788's debt to equity ratio has increased from 0% to 0.5% over the past 5 years.
Debt Coverage: 603788's debt is well covered by operating cash flow (1715.8%).
Interest Coverage: 603788 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 13:00 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ningbo Gaofa Automotive Control System Co., Ltd. is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xi Li Huang | Changjiang Securities Co. LTD. |
| Wenzhao Li | Chasing Securities |
| Xiaolan Bai | Guotai Junan Securities |