Xuchang Yuandong Drive ShaftLtd Balance Sheet Health
Financial Health criteria checks 5/6
Xuchang Yuandong Drive ShaftLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥58.3M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥4.8B and CN¥797.1M respectively. Xuchang Yuandong Drive ShaftLtd's EBIT is CN¥70.8M making its interest coverage ratio -7.5. It has cash and short-term investments of CN¥1.3B.
Key information
1.5%
Debt to equity ratio
CN¥58.32m
Debt
Interest coverage ratio | -7.5x |
Cash | CN¥1.26b |
Equity | CN¥4.01b |
Total liabilities | CN¥797.14m |
Total assets | CN¥4.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002406's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥630.6M).
Long Term Liabilities: 002406's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥166.5M).
Debt to Equity History and Analysis
Debt Level: 002406 has more cash than its total debt.
Reducing Debt: 002406's debt to equity ratio has increased from 0% to 1.5% over the past 5 years.
Debt Coverage: 002406's debt is well covered by operating cash flow (53.5%).
Interest Coverage: 002406 earns more interest than it pays, so coverage of interest payments is not a concern.