Jiangsu Xinquan Automotive TrimLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Xinquan Automotive TrimLtd has a total shareholder equity of CN¥5.4B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are CN¥14.7B and CN¥9.3B respectively. Jiangsu Xinquan Automotive TrimLtd's EBIT is CN¥1.2B making its interest coverage ratio 14.9. It has cash and short-term investments of CN¥882.4M.
Key information
44.3%
Debt to equity ratio
CN¥2.40b
Debt
| Interest coverage ratio | 14.9x |
| Cash | CN¥882.35m |
| Equity | CN¥5.42b |
| Total liabilities | CN¥9.25b |
| Total assets | CN¥14.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603179's short term assets (CN¥9.3B) exceed its short term liabilities (CN¥7.0B).
Long Term Liabilities: 603179's short term assets (CN¥9.3B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 603179's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: 603179's debt to equity ratio has reduced from 65.8% to 44.3% over the past 5 years.
Debt Coverage: 603179's debt is well covered by operating cash flow (28.6%).
Interest Coverage: 603179's interest payments on its debt are well covered by EBIT (14.9x coverage).