Xuchang Yuandong Drive ShaftLtd Balance Sheet Health
Financial Health criteria checks 6/6
Xuchang Yuandong Drive ShaftLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥15.5M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥4.8B and CN¥799.6M respectively. Xuchang Yuandong Drive ShaftLtd's EBIT is CN¥74.6M making its interest coverage ratio -8.9. It has cash and short-term investments of CN¥1.2B.
Key information
0.4%
Debt to equity ratio
CN¥15.50m
Debt
| Interest coverage ratio | -8.9x |
| Cash | CN¥1.21b |
| Equity | CN¥4.03b |
| Total liabilities | CN¥799.56m |
| Total assets | CN¥4.83b |
Recent financial health updates
No updates
Recent updates
Xuchang Yuandong Drive Shaft Co.Ltd (SZSE:002406) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Nov 11
We Think That There Are Issues Underlying Xuchang Yuandong Drive ShaftLtd's (SZSE:002406) Earnings
Nov 06Returns On Capital Signal Tricky Times Ahead For Xuchang Yuandong Drive ShaftLtd (SZSE:002406)
Sep 30Xuchang Yuandong Drive ShaftLtd (SZSE:002406) Has Affirmed Its Dividend Of CN¥0.10
Jul 05Xuchang Yuandong Drive ShaftLtd's (SZSE:002406) Earnings Aren't As Good As They Appear
Apr 01Xuchang Yuandong Drive Shaft Co.Ltd's (SZSE:002406) 26% Price Boost Is Out Of Tune With Earnings
Mar 04Financial Position Analysis
Short Term Liabilities: 002406's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥629.2M).
Long Term Liabilities: 002406's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥170.4M).
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 reduced from 23.8% to 0.4% over the past 5 years.
Debt Coverage: 002406's debt is well covered by operating cash flow (202.5%).
Interest Coverage: 002406 earns more interest than it pays, so coverage of interest payments is not a concern.