Zhejiang Songyuan Automotive Safety SystemsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Songyuan Automotive Safety SystemsLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥564.1M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are CN¥2.1B and CN¥956.1M respectively. Zhejiang Songyuan Automotive Safety SystemsLtd's EBIT is CN¥258.8M making its interest coverage ratio 29.3. It has cash and short-term investments of CN¥158.3M.
Key information
50.0%
Debt to equity ratio
CN¥564.05m
Debt
Interest coverage ratio | 29.3x |
Cash | CN¥158.28m |
Equity | CN¥1.13b |
Total liabilities | CN¥956.07m |
Total assets | CN¥2.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300893's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥498.6M).
Long Term Liabilities: 300893's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥457.5M).
Debt to Equity History and Analysis
Debt Level: 300893's net debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: 300893's debt to equity ratio has increased from 17.3% to 50% over the past 5 years.
Debt Coverage: 300893's debt is well covered by operating cash flow (29.6%).
Interest Coverage: 300893's interest payments on its debt are well covered by EBIT (29.3x coverage).