Aeolus Tyre Balance Sheet Health
Financial Health criteria checks 6/6
Aeolus Tyre has a total shareholder equity of CN¥3.3B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are CN¥7.2B and CN¥3.9B respectively. Aeolus Tyre's EBIT is CN¥404.8M making its interest coverage ratio 23.5. It has cash and short-term investments of CN¥1.1B.
Key information
36.1%
Debt to equity ratio
CN¥1.20b
Debt
Interest coverage ratio | 23.5x |
Cash | CN¥1.07b |
Equity | CN¥3.31b |
Total liabilities | CN¥3.93b |
Total assets | CN¥7.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600469's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 600469's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 600469's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 600469's debt to equity ratio has reduced from 120.2% to 36.1% over the past 5 years.
Debt Coverage: 600469's debt is well covered by operating cash flow (26.3%).
Interest Coverage: 600469's interest payments on its debt are well covered by EBIT (23.5x coverage).