Guangzhou Jinzhong Auto Parts Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Guangzhou Jinzhong Auto Parts Manufacturing has a total shareholder equity of CN¥1.1B and total debt of CN¥256.0M, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are CN¥1.6B and CN¥570.6M respectively. Guangzhou Jinzhong Auto Parts Manufacturing's EBIT is CN¥118.6M making its interest coverage ratio -374.2. It has cash and short-term investments of CN¥399.4M.
Key information
23.8%
Debt to equity ratio
CN¥256.03m
Debt
| Interest coverage ratio | -374.2x |
| Cash | CN¥399.42m |
| Equity | CN¥1.07b |
| Total liabilities | CN¥570.62m |
| Total assets | CN¥1.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301133's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥313.1M).
Long Term Liabilities: 301133's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥257.5M).
Debt to Equity History and Analysis
Debt Level: 301133 has more cash than its total debt.
Reducing Debt: 301133's debt to equity ratio has increased from 0% to 23.8% over the past 5 years.
Debt Coverage: 301133's debt is well covered by operating cash flow (59.5%).
Interest Coverage: 301133 earns more interest than it pays, so coverage of interest payments is not a concern.