Songz Automobile Air Conditioning Balance Sheet Health
Financial Health criteria checks 5/6
Songz Automobile Air Conditioning has a total shareholder equity of CN¥4.4B and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥7.5B and CN¥3.1B respectively. Songz Automobile Air Conditioning's EBIT is CN¥156.2M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥2.0B.
Key information
0.7%
Debt to equity ratio
CN¥30.00m
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥2.00b |
| Equity | CN¥4.45b |
| Total liabilities | CN¥3.09b |
| Total assets | CN¥7.53b |
Recent financial health updates
Recent updates
Is Songz Automobile Air Conditioning (SZSE:002454) A Risky Investment?
Nov 18
Some May Be Optimistic About Songz Automobile Air Conditioning's (SZSE:002454) Earnings
Sep 04Songz Automobile Air Conditioning (SZSE:002454) Has Announced That It Will Be Increasing Its Dividend To CN¥0.06
Jun 11Be Wary Of Songz Automobile Air Conditioning (SZSE:002454) And Its Returns On Capital
Jun 07Songz Automobile Air Conditioning Co., Ltd (SZSE:002454) Stock Rockets 25% As Investors Are Less Pessimistic Than Expected
Mar 13Financial Position Analysis
Short Term Liabilities: 002454's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 002454's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥184.6M).
Debt to Equity History and Analysis
Debt Level: 002454 has more cash than its total debt.
Reducing Debt: 002454's debt to equity ratio has increased from 0.06% to 0.7% over the past 5 years.
Debt Coverage: 002454's debt is well covered by operating cash flow (1002.5%).
Interest Coverage: 002454 earns more interest than it pays, so coverage of interest payments is not a concern.