Huada Automotive TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Huada Automotive TechnologyLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥647.6M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are CN¥6.3B and CN¥2.7B respectively. Huada Automotive TechnologyLtd's EBIT is CN¥302.8M making its interest coverage ratio -11. It has cash and short-term investments of CN¥745.8M.
Key information
17.5%
Debt to equity ratio
CN¥647.63m
Debt
| Interest coverage ratio | -11x |
| Cash | CN¥745.76m |
| Equity | CN¥3.69b |
| Total liabilities | CN¥2.66b |
| Total assets | CN¥6.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603358's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 603358's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥427.5M).
Debt to Equity History and Analysis
Debt Level: 603358 has more cash than its total debt.
Reducing Debt: 603358's debt to equity ratio has increased from 0% to 17.5% over the past 5 years.
Debt Coverage: 603358's debt is well covered by operating cash flow (50.6%).
Interest Coverage: 603358 earns more interest than it pays, so coverage of interest payments is not a concern.