Anhui Zhongding Sealing Parts Balance Sheet Health
Financial Health criteria checks 6/6
Anhui Zhongding Sealing Parts has a total shareholder equity of CN¥12.9B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 44.9%. Its total assets and total liabilities are CN¥24.0B and CN¥11.2B respectively. Anhui Zhongding Sealing Parts's EBIT is CN¥1.8B making its interest coverage ratio -32.3. It has cash and short-term investments of CN¥2.9B.
Key information
44.9%
Debt to equity ratio
CN¥5.78b
Debt
| Interest coverage ratio | -32.3x |
| Cash | CN¥2.89b |
| Equity | CN¥12.87b |
| Total liabilities | CN¥11.16b |
| Total assets | CN¥24.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000887's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥7.8B).
Long Term Liabilities: 000887's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 000887's net debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: 000887's debt to equity ratio has reduced from 63.3% to 44.9% over the past 5 years.
Debt Coverage: 000887's debt is well covered by operating cash flow (35.1%).
Interest Coverage: 000887 earns more interest than it pays, so coverage of interest payments is not a concern.