Ningbo Jifeng Auto Parts Balance Sheet Health
Financial Health criteria checks 2/6
Ningbo Jifeng Auto Parts has a total shareholder equity of CN¥4.5B and total debt of CN¥5.9B, which brings its debt-to-equity ratio to 131.4%. Its total assets and total liabilities are CN¥18.2B and CN¥13.7B respectively. Ningbo Jifeng Auto Parts's EBIT is CN¥610.4M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥1.5B.
Key information
131.4%
Debt to equity ratio
CN¥5.89b
Debt
Interest coverage ratio | 1.7x |
Cash | CN¥1.53b |
Equity | CN¥4.48b |
Total liabilities | CN¥13.74b |
Total assets | CN¥18.22b |
Recent financial health updates
Recent updates
Is 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¥8.4B) do not cover its short term liabilities (CN¥9.8B).
Long Term Liabilities: 603997's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 603997's net debt to equity ratio (97.3%) is considered high.
Reducing Debt: 603997's debt to equity ratio has increased from 5.1% to 131.4% over the past 5 years.
Debt Coverage: 603997's debt is well covered by operating cash flow (28.9%).
Interest Coverage: 603997's interest payments on its debt are not well covered by EBIT (1.7x coverage).