Xiangyang Automobile Bearing Balance Sheet Health
Financial Health criteria checks 5/6
Xiangyang Automobile Bearing has a total shareholder equity of CN¥912.6M and total debt of CN¥494.0M, which brings its debt-to-equity ratio to 54.1%. Its total assets and total liabilities are CN¥2.4B and CN¥1.5B respectively.
Key information
54.1%
Debt to equity ratio
CN¥494.05m
Debt
Interest coverage ratio | n/a |
Cash | CN¥171.94m |
Equity | CN¥912.56m |
Total liabilities | CN¥1.47b |
Total assets | CN¥2.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000678's short term assets (CN¥1.1B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 000678's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥111.5M).
Debt to Equity History and Analysis
Debt Level: 000678's net debt to equity ratio (35.3%) is considered satisfactory.
Reducing Debt: 000678's debt to equity ratio has reduced from 65.2% to 54.1% 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: Whilst unprofitable 000678 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000678 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11% per year.