Anhui Zhongding Sealing Parts Balance Sheet Health
Financial Health criteria checks 6/6
Anhui Zhongding Sealing Parts has a total shareholder equity of CN¥12.4B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 45%. Its total assets and total liabilities are CN¥23.1B and CN¥10.7B respectively. Anhui Zhongding Sealing Parts's EBIT is CN¥1.5B making its interest coverage ratio 22.4. It has cash and short-term investments of CN¥2.7B.
Key information
45.0%
Debt to equity ratio
CN¥5.59b
Debt
| Interest coverage ratio | 22.4x |
| Cash | CN¥2.72b |
| Equity | CN¥12.41b |
| Total liabilities | CN¥10.72b |
| Total assets | CN¥23.13b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000887's short term assets (CN¥13.5B) exceed its short term liabilities (CN¥7.4B).
Long Term Liabilities: 000887's short term assets (CN¥13.5B) exceed its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 000887's net debt to equity ratio (23.1%) is considered satisfactory.
Reducing Debt: 000887's debt to equity ratio has reduced from 61% to 45% over the past 5 years.
Debt Coverage: 000887's debt is well covered by operating cash flow (27.4%).
Interest Coverage: 000887's interest payments on its debt are well covered by EBIT (22.4x coverage).