Ningbo Jifeng Auto Parts Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Jifeng Auto Parts has a total shareholder equity of CN¥5.0B and total debt of CN¥6.7B, which brings its debt-to-equity ratio to 134.2%. Its total assets and total liabilities are CN¥19.9B and CN¥14.9B respectively. Ningbo Jifeng Auto Parts's EBIT is CN¥233.1M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥2.1B.
Key information
134.2%
Debt to equity ratio
CN¥6.72b
Debt
| Interest coverage ratio | 0.7x |
| Cash | CN¥2.10b |
| Equity | CN¥5.01b |
| Total liabilities | CN¥14.88b |
| Total assets | CN¥19.89b |
Recent financial health updates
These 4 Measures Indicate That Ningbo Jifeng Auto Parts (SHSE:603997) Is Using Debt Extensively
Oct 29
Here's Why Ningbo Jifeng Auto Parts (SHSE:603997) Can Manage Its Debt Responsibly
Mar 21Recent updates
These 4 Measures Indicate That Ningbo Jifeng Auto Parts (SHSE:603997) Is Using Debt Extensively
Oct 29Ningbo Jifeng Auto Parts' (SHSE:603997) Promising Earnings May Rest On Soft Foundations
Aug 22Ningbo Jifeng Auto Parts Co., Ltd.'s (SHSE:603997) Share Price Is Matching Sentiment Around Its Revenues
Aug 14Is Ningbo Jifeng Auto Parts Co., Ltd. (SHSE:603997) Trading At A 31% Discount?
May 13Ningbo Jifeng Auto Parts' (SHSE:603997) Returns On Capital Not Reflecting Well On The Business
Apr 17Here's Why Ningbo Jifeng Auto Parts (SHSE:603997) Can Manage Its Debt Responsibly
Mar 21Ningbo Jifeng Auto Parts Co., Ltd.'s (SHSE:603997) Price Is Right But Growth Is Lacking
Feb 29Financial Position Analysis
Short Term Liabilities: 603997's short term assets (CN¥10.1B) exceed its short term liabilities (CN¥9.3B).
Long Term Liabilities: 603997's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥5.5B).
Debt to Equity History and Analysis
Debt Level: 603997's net debt to equity ratio (92.2%) is considered high.
Reducing Debt: 603997's debt to equity ratio has increased from 6.4% to 134.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 603997 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if 603997 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.