Anhui Anfu Battery TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Anhui Anfu Battery TechnologyLtd has a total shareholder equity of CN¥3.8B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 53.2%. Its total assets and total liabilities are CN¥6.6B and CN¥2.8B respectively. Anhui Anfu Battery TechnologyLtd's EBIT is CN¥935.5M making its interest coverage ratio 12.1. It has cash and short-term investments of CN¥1.0B.
Key information
53.2%
Debt to equity ratio
CN¥2.03b
Debt
| Interest coverage ratio | 12.1x |
| Cash | CN¥1.01b |
| Equity | CN¥3.81b |
| Total liabilities | CN¥2.79b |
| Total assets | CN¥6.60b |
Recent financial health updates
No updates
Recent updates
Anhui Anfu Battery TechnologyLtd (SHSE:603031) Is Investing Its Capital With Increasing Efficiency
Apr 30
Why 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¥1.7B) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603031's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥678.2M).
Debt to Equity History and Analysis
Debt Level: 603031's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: 603031's debt to equity ratio has reduced from 83.4% to 53.2% over the past 5 years.
Debt Coverage: 603031's debt is well covered by operating cash flow (51.9%).
Interest Coverage: 603031's interest payments on its debt are well covered by EBIT (12.1x coverage).