Shanghai Yongmaotai Automotive Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Yongmaotai Automotive Technology has a total shareholder equity of CN¥2.1B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 52.1%. Its total assets and total liabilities are CN¥3.5B and CN¥1.4B respectively. Shanghai Yongmaotai Automotive Technology's EBIT is CN¥109.6M making its interest coverage ratio 44. It has cash and short-term investments of CN¥131.2M.
Key information
52.1%
Debt to equity ratio
CN¥1.09b
Debt
Interest coverage ratio | 44x |
Cash | CN¥131.16m |
Equity | CN¥2.09b |
Total liabilities | CN¥1.45b |
Total assets | CN¥3.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605208's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥947.8M).
Long Term Liabilities: 605208's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥502.2M).
Debt to Equity History and Analysis
Debt Level: 605208's net debt to equity ratio (45.8%) is considered high.
Reducing Debt: 605208's debt to equity ratio has increased from 21.6% to 52.1% over the past 5 years.
Debt Coverage: 605208's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605208's interest payments on its debt are well covered by EBIT (44x coverage).