Zhejiang Qianjiang Motorcycle Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Qianjiang Motorcycle has a total shareholder equity of CN¥4.6B and total debt of CN¥209.1M, which brings its debt-to-equity ratio to 4.6%. Its total assets and total liabilities are CN¥9.3B and CN¥4.7B respectively. Zhejiang Qianjiang Motorcycle's EBIT is CN¥319.3M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥5.4B.
Key information
4.6%
Debt to equity ratio
CN¥209.07m
Debt
Interest coverage ratio | -1.7x |
Cash | CN¥5.41b |
Equity | CN¥4.59b |
Total liabilities | CN¥4.73b |
Total assets | CN¥9.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000913's short term assets (CN¥7.1B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 000913's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 000913 has more cash than its total debt.
Reducing Debt: 000913's debt to equity ratio has reduced from 6.6% to 4.6% over the past 5 years.
Debt Coverage: 000913's debt is well covered by operating cash flow (309.2%).
Interest Coverage: 000913 earns more interest than it pays, so coverage of interest payments is not a concern.