Aotecar New Energy Technology Balance Sheet Health
Financial Health criteria checks 4/6
Aotecar New Energy Technology has a total shareholder equity of CN¥5.7B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are CN¥12.8B and CN¥7.1B respectively. Aotecar New Energy Technology's EBIT is CN¥216.7M making its interest coverage ratio -4. It has cash and short-term investments of CN¥2.2B.
Key information
27.3%
Debt to equity ratio
CN¥1.55b
Debt
Interest coverage ratio | -4x |
Cash | CN¥2.23b |
Equity | CN¥5.67b |
Total liabilities | CN¥7.12b |
Total assets | CN¥12.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002239's short term assets (CN¥7.8B) exceed its short term liabilities (CN¥6.7B).
Long Term Liabilities: 002239's short term assets (CN¥7.8B) exceed its long term liabilities (CN¥391.3M).
Debt to Equity History and Analysis
Debt Level: 002239 has more cash than its total debt.
Reducing Debt: 002239's debt to equity ratio has increased from 12.1% to 27.3% over the past 5 years.
Debt Coverage: 002239's debt is not well covered by operating cash flow (4%).
Interest Coverage: 002239 earns more interest than it pays, so coverage of interest payments is not a concern.