Avic Aviation High-Technology Balance Sheet Health
Financial Health criteria checks 6/6
Avic Aviation High-Technology has a total shareholder equity of CN¥6.8B and total debt of CN¥36.9M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥9.5B and CN¥2.7B respectively. Avic Aviation High-Technology's EBIT is CN¥1.2B making its interest coverage ratio -22.1. It has cash and short-term investments of CN¥1.8B.
Key information
0.5%
Debt to equity ratio
CN¥36.86m
Debt
Interest coverage ratio | -22.1x |
Cash | CN¥1.82b |
Equity | CN¥6.80b |
Total liabilities | CN¥2.72b |
Total assets | CN¥9.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600862's short term assets (CN¥7.2B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 600862's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥279.7M).
Debt to Equity History and Analysis
Debt Level: 600862 has more cash than its total debt.
Reducing Debt: 600862's debt to equity ratio has reduced from 8.2% to 0.5% over the past 5 years.
Debt Coverage: 600862's debt is well covered by operating cash flow (1281.3%).
Interest Coverage: 600862 earns more interest than it pays, so coverage of interest payments is not a concern.