Kunshan Huguang Auto HarnessLtd Balance Sheet Health
Financial Health criteria checks 4/6
Kunshan Huguang Auto HarnessLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 122.2%. Its total assets and total liabilities are CN¥6.0B and CN¥4.3B respectively. Kunshan Huguang Auto HarnessLtd's EBIT is CN¥236.6M making its interest coverage ratio 4.5. It has cash and short-term investments of CN¥482.5M.
Key information
122.2%
Debt to equity ratio
CN¥2.01b
Debt
Interest coverage ratio | 4.5x |
Cash | CN¥482.46m |
Equity | CN¥1.64b |
Total liabilities | CN¥4.32b |
Total assets | CN¥5.96b |
Financial Position Analysis
Short Term Liabilities: 605333's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 605333's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥889.5M).
Debt to Equity History and Analysis
Debt Level: 605333's net debt to equity ratio (92.8%) is considered high.
Reducing Debt: 605333's debt to equity ratio has reduced from 122.6% to 122.2% over the past 5 years.
Debt Coverage: 605333's debt is not well covered by operating cash flow (18%).
Interest Coverage: 605333's interest payments on its debt are well covered by EBIT (4.5x coverage).