Fuxin Dare Automotive Parts Balance Sheet Health
Financial Health criteria checks 4/6
Fuxin Dare Automotive Parts has a total shareholder equity of CN¥1.6B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 70.2%. Its total assets and total liabilities are CN¥4.2B and CN¥2.7B respectively. Fuxin Dare Automotive Parts's EBIT is CN¥110.8M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥593.7M.
Key information
70.2%
Debt to equity ratio
CN¥1.11b
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥593.72m |
| Equity | CN¥1.58b |
| Total liabilities | CN¥2.67b |
| Total assets | CN¥4.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300473's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 300473's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥820.9M).
Debt to Equity History and Analysis
Debt Level: 300473's net debt to equity ratio (32.5%) is considered satisfactory.
Reducing Debt: 300473's debt to equity ratio has increased from 44% to 70.2% over the past 5 years.
Debt Coverage: 300473's debt is well covered by operating cash flow (33.1%).
Interest Coverage: 300473's interest payments on its debt are not well covered by EBIT (1.5x coverage).