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¥2.0B, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are CN¥12.6B and CN¥6.9B respectively. Aotecar New Energy Technology's EBIT is CN¥61.0M making its interest coverage ratio -2.9. It has cash and short-term investments of CN¥2.1B.
Key information
35.4%
Debt to equity ratio
CN¥2.02b
Debt
Interest coverage ratio | -2.9x |
Cash | CN¥2.12b |
Equity | CN¥5.70b |
Total liabilities | CN¥6.90b |
Total assets | CN¥12.60b |
Recent financial health updates
Recent updates
Is Aotecar New Energy Technology (SZSE:002239) Using Too Much Debt?
Jun 26Aotecar New Energy Technology's (SZSE:002239) Soft Earnings Are Actually Better Than They Appear
May 02Aotecar New Energy Technology (SZSE:002239) Might Have The Makings Of A Multi-Bagger
Apr 02Aotecar New Energy Technology Co., Ltd.'s (SZSE:002239) Shares Leap 29% Yet They're Still Not Telling The Full Story
Mar 06Financial Position Analysis
Short Term Liabilities: 002239's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥6.4B).
Long Term Liabilities: 002239's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥500.6M).
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 9.9% to 35.4% over the past 5 years.
Debt Coverage: 002239's debt is not well covered by operating cash flow (2.9%).
Interest Coverage: 002239 earns more interest than it pays, so coverage of interest payments is not a concern.