Fuxin Dare Automotive Parts Balance Sheet Health
Financial Health criteria checks 5/6
Fuxin Dare Automotive Parts has a total shareholder equity of CN¥1.6B and total debt of CN¥641.5M, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are CN¥3.9B and CN¥2.4B respectively. Fuxin Dare Automotive Parts's EBIT is CN¥99.2M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥291.6M.
Key information
41.1%
Debt to equity ratio
CN¥641.47m
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥291.58m |
| Equity | CN¥1.56b |
| Total liabilities | CN¥2.36b |
| Total assets | CN¥3.92b |
Recent financial health updates
No updates
Recent updates
Improved Revenues Required Before Fuxin Dare Automotive Parts Co., Ltd. (SZSE:300473) Stock's 41% Jump Looks Justified
Oct 21
Impressive Earnings May Not Tell The Whole Story For Fuxin Dare Automotive Parts (SZSE:300473)
Sep 04There's No Escaping Fuxin Dare Automotive Parts Co., Ltd.'s (SZSE:300473) Muted Revenues Despite A 26% Share Price Rise
Aug 21A Look At The Intrinsic Value Of Fuxin Dare Automotive Parts Co., Ltd. (SZSE:300473)
Apr 09Financial Position Analysis
Short Term Liabilities: 300473's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 300473's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥556.8M).
Debt to Equity History and Analysis
Debt Level: 300473's net debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: 300473's debt to equity ratio has reduced from 54.6% to 41.1% over the past 5 years.
Debt Coverage: 300473's debt is well covered by operating cash flow (84.7%).
Interest Coverage: 300473's interest payments on its debt are not well covered by EBIT (1.5x coverage).