Zhejiang Jinfei Kaida WheelLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Jinfei Kaida WheelLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥4.0B, which brings its debt-to-equity ratio to 142.9%. Its total assets and total liabilities are CN¥7.9B and CN¥5.1B respectively. Zhejiang Jinfei Kaida WheelLtd's EBIT is CN¥175.4M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥624.9M.
Key information
142.9%
Debt to equity ratio
CN¥3.95b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥624.86m |
| Equity | CN¥2.76b |
| Total liabilities | CN¥5.15b |
| Total assets | CN¥7.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002863's short term assets (CN¥3.7B) do not cover its short term liabilities (CN¥4.0B).
Long Term Liabilities: 002863's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002863's net debt to equity ratio (120.3%) is considered high.
Reducing Debt: 002863's debt to equity ratio has reduced from 209.9% to 142.9% over the past 5 years.
Debt Coverage: 002863's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002863's interest payments on its debt are not well covered by EBIT (1.2x coverage).