Wuxi Zhenhua Auto PartsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Wuxi Zhenhua Auto PartsLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥650.4M, which brings its debt-to-equity ratio to 28.8%. Its total assets and total liabilities are CN¥4.2B and CN¥2.0B respectively. Wuxi Zhenhua Auto PartsLtd's EBIT is CN¥390.8M making its interest coverage ratio 19. It has cash and short-term investments of CN¥190.3M.
Key information
28.8%
Debt to equity ratio
CN¥650.44m
Debt
Interest coverage ratio | 19x |
Cash | CN¥190.33m |
Equity | CN¥2.26b |
Total liabilities | CN¥1.98b |
Total assets | CN¥4.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605319's short term assets (CN¥1.9B) do not cover its short term liabilities (CN¥1.9B).
Long Term Liabilities: 605319's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥101.0M).
Debt to Equity History and Analysis
Debt Level: 605319's net debt to equity ratio (20.4%) is considered satisfactory.
Reducing Debt: 605319's debt to equity ratio has reduced from 46.2% to 28.8% over the past 5 years.
Debt Coverage: 605319's debt is well covered by operating cash flow (61.5%).
Interest Coverage: 605319's interest payments on its debt are well covered by EBIT (19x coverage).