Zhejiang Wanfeng Auto Wheel Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Wanfeng Auto Wheel has a total shareholder equity of CN¥9.6B and total debt of CN¥4.4B, which brings its debt-to-equity ratio to 46%. Its total assets and total liabilities are CN¥17.9B and CN¥8.3B respectively. Zhejiang Wanfeng Auto Wheel's EBIT is CN¥1.5B making its interest coverage ratio 8. It has cash and short-term investments of CN¥1.9B.
Key information
46.0%
Debt to equity ratio
CN¥4.44b
Debt
| Interest coverage ratio | 8x |
| Cash | CN¥1.85b |
| Equity | CN¥9.63b |
| Total liabilities | CN¥8.29b |
| Total assets | CN¥17.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002085's short term assets (CN¥9.9B) exceed its short term liabilities (CN¥6.1B).
Long Term Liabilities: 002085's short term assets (CN¥9.9B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 002085's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: 002085's debt to equity ratio has reduced from 70.2% to 46% over the past 5 years.
Debt Coverage: 002085's debt is well covered by operating cash flow (28.1%).
Interest Coverage: 002085's interest payments on its debt are well covered by EBIT (8x coverage).