Zhejiang Wanfeng Auto Wheel Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Wanfeng Auto Wheel has a total shareholder equity of CN¥9.5B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 45.5%. Its total assets and total liabilities are CN¥17.7B and CN¥8.1B respectively. Zhejiang Wanfeng Auto Wheel's EBIT is CN¥1.7B making its interest coverage ratio 7.6. It has cash and short-term investments of CN¥1.9B.
Key information
45.5%
Debt to equity ratio
CN¥4.33b
Debt
| Interest coverage ratio | 7.6x |
| Cash | CN¥1.92b |
| Equity | CN¥9.53b |
| Total liabilities | CN¥8.14b |
| Total assets | CN¥17.67b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002085's short term assets (CN¥9.6B) exceed its short term liabilities (CN¥7.0B).
Long Term Liabilities: 002085's short term assets (CN¥9.6B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002085's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: 002085's debt to equity ratio has reduced from 63% to 45.5% over the past 5 years.
Debt Coverage: 002085's debt is well covered by operating cash flow (32.5%).
Interest Coverage: 002085's interest payments on its debt are well covered by EBIT (7.6x coverage).