Zhejiang Founder Motor Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Founder Motor has a total shareholder equity of CN¥1.5B and total debt of CN¥871.8M, which brings its debt-to-equity ratio to 59.9%. Its total assets and total liabilities are CN¥4.0B and CN¥2.6B respectively.
Key information
59.9%
Debt to equity ratio
CN¥871.83m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥381.49m |
| Equity | CN¥1.45b |
| Total liabilities | CN¥2.56b |
| Total assets | CN¥4.02b |
Recent financial health updates
No updates
Recent updates
Zhejiang Founder Motor Co., Ltd.'s (SZSE:002196) Shares Bounce 28% But Its Business Still Trails The Industry
Aug 01
Zhejiang Founder Motor's (SZSE:002196) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Jun 05Zhejiang Founder Motor's (SZSE:002196) Strong Earnings Are Of Good Quality
May 06Zhejiang Founder Motor Co., Ltd. (SZSE:002196) Stock Rockets 30% But Many Are Still Ignoring The Company
Mar 09Financial Position Analysis
Short Term Liabilities: 002196's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002196's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥558.2M).
Debt to Equity History and Analysis
Debt Level: 002196's net debt to equity ratio (33.7%) is considered satisfactory.
Reducing Debt: 002196's debt to equity ratio has increased from 11.6% to 59.9% over the past 5 years.
Debt Coverage: 002196's debt is well covered by operating cash flow (21.7%).
Interest Coverage: Insufficient data to determine if 002196's interest payments on its debt are well covered by EBIT.