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¥15.3M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CN¥2.5B and CN¥506.0M respectively. Ningbo Gaofa Automotive Control System's EBIT is CN¥164.9M making its interest coverage ratio -14.2. It has cash and short-term investments of CN¥919.8M.
Key information
0.8%
Debt to equity ratio
CN¥15.25m
Debt
Interest coverage ratio | -14.2x |
Cash | CN¥919.78m |
Equity | CN¥2.02b |
Total liabilities | CN¥506.05m |
Total assets | CN¥2.52b |
Recent financial health updates
No updates
Recent updates
Ningbo Gaofa Automotive Control System's (SHSE:603788) Earnings Are Weaker Than They Seem
Apr 26Ningbo 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¥1.8B) exceed its short term liabilities (CN¥472.5M).
Long Term Liabilities: 603788's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥33.6M).
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 0.8% over the past 5 years.
Debt Coverage: 603788's debt is well covered by operating cash flow (670.4%).
Interest Coverage: 603788 earns more interest than it pays, so coverage of interest payments is not a concern.