Ningbo Jifeng Auto Parts Balance Sheet Health
Financial Health criteria checks 2/6
Ningbo Jifeng Auto Parts has a total shareholder equity of CN¥4.3B and total debt of CN¥5.7B, which brings its debt-to-equity ratio to 131.9%. Its total assets and total liabilities are CN¥16.8B and CN¥12.5B respectively. Ningbo Jifeng Auto Parts's EBIT is CN¥285.9M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥1.0B.
Key information
131.9%
Debt to equity ratio
CN¥5.66b
Debt
| Interest coverage ratio | 0.8x |
| Cash | CN¥1.04b |
| Equity | CN¥4.30b |
| Total liabilities | CN¥12.46b |
| Total assets | CN¥16.75b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603997's short term assets (CN¥7.8B) do not cover its short term liabilities (CN¥8.6B).
Long Term Liabilities: 603997's short term assets (CN¥7.8B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 603997's net debt to equity ratio (107.6%) is considered high.
Reducing Debt: 603997's debt to equity ratio has increased from 97.2% to 131.9% over the past 5 years.
Debt Coverage: 603997's debt is well covered by operating cash flow (31.3%).
Interest Coverage: 603997's interest payments on its debt are not well covered by EBIT (0.8x coverage).