Zhejiang Songyuan Automotive Safety SystemsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Songyuan Automotive Safety SystemsLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥748.1M, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are CN¥2.3B and CN¥1.2B respectively. Zhejiang Songyuan Automotive Safety SystemsLtd's EBIT is CN¥302.1M making its interest coverage ratio 34.9. It has cash and short-term investments of CN¥166.3M.
Key information
64.8%
Debt to equity ratio
CN¥748.13m
Debt
| Interest coverage ratio | 34.9x |
| Cash | CN¥166.35m |
| Equity | CN¥1.15b |
| Total liabilities | CN¥1.16b |
| Total assets | CN¥2.32b |
Recent financial health updates
No updates
Recent updates
A Piece Of The Puzzle Missing From Zhejiang Songyuan Automotive Safety Systems Co.,Ltd.'s (SZSE:300893) Share Price
Jul 05
We Ran A Stock Scan For Earnings Growth And Zhejiang Songyuan Automotive Safety SystemsLtd (SZSE:300893) Passed With Ease
May 13We Think That There Are Issues Underlying Zhejiang Songyuan Automotive Safety SystemsLtd's (SZSE:300893) Earnings
Apr 25Investors Met With Slowing Returns on Capital At Zhejiang Songyuan Automotive Safety SystemsLtd (SZSE:300893)
Apr 18Market Participants Recognise Zhejiang Songyuan Automotive Safety Systems Co.,Ltd.'s (SZSE:300893) Earnings Pushing Shares 32% Higher
Mar 08Financial Position Analysis
Short Term Liabilities: 300893's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥664.8M).
Long Term Liabilities: 300893's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥496.5M).
Debt to Equity History and Analysis
Debt Level: 300893's net debt to equity ratio (50.4%) is considered high.
Reducing Debt: 300893's debt to equity ratio has increased from 16.1% to 64.8% over the past 5 years.
Debt Coverage: 300893's debt is well covered by operating cash flow (25.5%).
Interest Coverage: 300893's interest payments on its debt are well covered by EBIT (34.9x coverage).