Zhejiang Jinfei Kaida WheelLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Jinfei Kaida WheelLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 138.9%. Its total assets and total liabilities are CN¥6.9B and CN¥4.7B respectively. Zhejiang Jinfei Kaida WheelLtd's EBIT is CN¥185.9M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥493.3M.
Key information
138.9%
Debt to equity ratio
CN¥2.97b
Debt
Interest coverage ratio | 1.2x |
Cash | CN¥493.33m |
Equity | CN¥2.14b |
Total liabilities | CN¥4.71b |
Total assets | CN¥6.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002863's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥3.5B).
Long Term Liabilities: 002863's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002863's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: 002863's debt to equity ratio has reduced from 241.2% to 138.9% over the past 5 years.
Debt Coverage: 002863's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: 002863's interest payments on its debt are not well covered by EBIT (1.2x coverage).