Xiangyang Automobile Bearing Balance Sheet Health
Financial Health criteria checks 5/6
Xiangyang Automobile Bearing has a total shareholder equity of CN¥897.1M and total debt of CN¥474.8M, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are CN¥2.4B and CN¥1.5B respectively.
Key information
52.9%
Debt to equity ratio
CN¥474.76m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥193.87m |
| Equity | CN¥897.13m |
| Total liabilities | CN¥1.47b |
| Total assets | CN¥2.36b |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push Xiangyang Automobile Bearing Co., Ltd. (SZSE:000678) Shares Up 44% But Growth Is Lacking
Oct 06
There's Reason For Concern Over Xiangyang Automobile Bearing Co., Ltd.'s (SZSE:000678) Massive 26% Price Jump
Aug 21Little Excitement Around Xiangyang Automobile Bearing Co., Ltd.'s (SZSE:000678) Revenues As Shares Take 26% Pounding
Jun 06Little Excitement Around Xiangyang Automobile Bearing Co., Ltd.'s (SZSE:000678) Revenues
Mar 28Financial Position Analysis
Short Term Liabilities: 000678's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 000678's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥99.8M).
Debt to Equity History and Analysis
Debt Level: 000678's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: 000678's debt to equity ratio has reduced from 63.1% to 52.9% 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 23.5% per year.