Anhui Anfu Battery TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Anhui Anfu Battery TechnologyLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are CN¥6.9B and CN¥2.9B respectively. Anhui Anfu Battery TechnologyLtd's EBIT is CN¥964.3M making its interest coverage ratio 27.1. It has cash and short-term investments of CN¥1.2B.
Key information
53.1%
Debt to equity ratio
CN¥2.10b
Debt
| Interest coverage ratio | 27.1x |
| Cash | CN¥1.16b |
| Equity | CN¥3.95b |
| Total liabilities | CN¥2.91b |
| Total assets | CN¥6.86b |
Recent financial health updates
Anhui Anfu Battery TechnologyLtd (SHSE:603031) Has A Pretty Healthy Balance Sheet
Oct 21
We Think Anhui Anfu Battery TechnologyLtd (SHSE:603031) Can Manage Its Debt With Ease
May 22Recent updates
Optimistic Investors Push Anhui Anfu Battery Technology Co.,Ltd (SHSE:603031) Shares Up 26% But Growth Is Lacking
Nov 14Anhui Anfu Battery TechnologyLtd's (SHSE:603031) Earnings Are Weaker Than They Seem
Nov 06Anhui Anfu Battery TechnologyLtd (SHSE:603031) Has A Pretty Healthy Balance Sheet
Oct 21Anhui Anfu Battery Technology Co.,Ltd's (SHSE:603031) Shares May Have Run Too Fast Too Soon
Sep 30Here's Why We Think Anhui Anfu Battery TechnologyLtd (SHSE:603031) Might Deserve Your Attention Today
Jul 01Why We're Not Concerned Yet About Anhui Anfu Battery Technology Co.,Ltd's (SHSE:603031) 33% Share Price Plunge
Jun 14We Think Anhui Anfu Battery TechnologyLtd (SHSE:603031) Can Manage Its Debt With Ease
May 22Anhui Anfu Battery TechnologyLtd (SHSE:603031) Is Investing Its Capital With Increasing Efficiency
Apr 30Why Investors Shouldn't Be Surprised By Anhui Anfu Battery Technology Co.,Ltd's (SHSE:603031) 33% Share Price Surge
Mar 28Anhui Anfu Battery TechnologyLtd's (SHSE:603031) Promising Earnings May Rest On Soft Foundations
Mar 18Here's Why We Think Anhui Anfu Battery TechnologyLtd (SHSE:603031) Might Deserve Your Attention Today
Mar 11Financial Position Analysis
Short Term Liabilities: 603031's short term assets (CN¥1.9B) do not cover its short term liabilities (CN¥2.2B).
Long Term Liabilities: 603031's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥696.6M).
Debt to Equity History and Analysis
Debt Level: 603031's net debt to equity ratio (23.7%) is considered satisfactory.
Reducing Debt: 603031's debt to equity ratio has reduced from 77.8% to 53.1% over the past 5 years.
Debt Coverage: 603031's debt is well covered by operating cash flow (51.5%).
Interest Coverage: 603031's interest payments on its debt are well covered by EBIT (27.1x coverage).