Songz Automobile Air Conditioning Balance Sheet Health
Financial Health criteria checks 6/6
Songz Automobile Air Conditioning has a total shareholder equity of CN¥4.4B and total debt of CN¥32.3M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥7.3B and CN¥2.9B respectively. Songz Automobile Air Conditioning's EBIT is CN¥143.4M making its interest coverage ratio -47.6. It has cash and short-term investments of CN¥1.8B.
Key information
0.7%
Debt to equity ratio
CN¥32.32m
Debt
Interest coverage ratio | -47.6x |
Cash | CN¥1.77b |
Equity | CN¥4.40b |
Total liabilities | CN¥2.93b |
Total assets | CN¥7.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002454's short term assets (CN¥5.2B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 002454's short term assets (CN¥5.2B) exceed its long term liabilities (CN¥135.5M).
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 reduced from 0.8% to 0.7% over the past 5 years.
Debt Coverage: 002454's debt is well covered by operating cash flow (595.2%).
Interest Coverage: 002454 earns more interest than it pays, so coverage of interest payments is not a concern.