Aotecar New Energy Technology Balance Sheet Health
Financial Health criteria checks 5/6
Aotecar New Energy Technology has a total shareholder equity of CN¥5.6B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥12.3B and CN¥6.7B respectively. Aotecar New Energy Technology's EBIT is CN¥138.4M making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥2.0B.
Key information
29.0%
Debt to equity ratio
CN¥1.61b
Debt
| Interest coverage ratio | -4.7x |
| Cash | CN¥1.97b |
| Equity | CN¥5.56b |
| Total liabilities | CN¥6.70b |
| Total assets | CN¥12.27b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002239's short term assets (CN¥7.3B) exceed its short term liabilities (CN¥6.1B).
Long Term Liabilities: 002239's short term assets (CN¥7.3B) exceed its long term liabilities (CN¥602.3M).
Debt to Equity History and Analysis
Debt Level: 002239 has more cash than its total debt.
Reducing Debt: 002239's debt to equity ratio has increased from 11.1% to 29% over the past 5 years.
Debt Coverage: 002239's debt is well covered by operating cash flow (20.9%).
Interest Coverage: 002239 earns more interest than it pays, so coverage of interest payments is not a concern.