Zhejiang Qianjiang Motorcycle Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Qianjiang Motorcycle has a total shareholder equity of CN¥4.6B and total debt of CN¥386.7M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥10.3B and CN¥5.7B respectively. Zhejiang Qianjiang Motorcycle's EBIT is CN¥433.4M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥6.1B.
Key information
8.5%
Debt to equity ratio
CN¥386.72m
Debt
| Interest coverage ratio | -2.7x |
| Cash | CN¥6.05b |
| Equity | CN¥4.56b |
| Total liabilities | CN¥5.69b |
| Total assets | CN¥10.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000913's short term assets (CN¥7.8B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 000913's short term assets (CN¥7.8B) exceed its long term liabilities (CN¥1.7B).
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 increased from 0.04% to 8.5% over the past 5 years.
Debt Coverage: 000913's debt is well covered by operating cash flow (318.2%).
Interest Coverage: 000913 earns more interest than it pays, so coverage of interest payments is not a concern.