AVIC Shenyang Aircraft Balance Sheet Health
Financial Health criteria checks 5/6
AVIC Shenyang Aircraft has a total shareholder equity of CN¥17.0B and total debt of CN¥207.5M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥49.3B and CN¥32.3B respectively. AVIC Shenyang Aircraft's EBIT is CN¥3.1B making its interest coverage ratio -9.8. It has cash and short-term investments of CN¥8.1B.
Key information
1.2%
Debt to equity ratio
CN¥207.53m
Debt
Interest coverage ratio | -9.8x |
Cash | CN¥8.06b |
Equity | CN¥17.03b |
Total liabilities | CN¥32.30b |
Total assets | CN¥49.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600760's short term assets (CN¥40.4B) exceed its short term liabilities (CN¥29.2B).
Long Term Liabilities: 600760's short term assets (CN¥40.4B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 600760 has more cash than its total debt.
Reducing Debt: 600760's debt to equity ratio has reduced from 8.1% to 1.2% over the past 5 years.
Debt Coverage: 600760's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600760 earns more interest than it pays, so coverage of interest payments is not a concern.