Hefei Jianghang Aircraft Equipment Balance Sheet Health
Financial Health criteria checks 6/6
Hefei Jianghang Aircraft Equipment has a total shareholder equity of CN¥2.5B and total debt of CN¥3.4M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥3.6B and CN¥1.0B respectively. Hefei Jianghang Aircraft Equipment's EBIT is CN¥182.7M making its interest coverage ratio -7.8. It has cash and short-term investments of CN¥1.4B.
Key information
0.1%
Debt to equity ratio
CN¥3.38m
Debt
| Interest coverage ratio | -7.8x |
| Cash | CN¥1.42b |
| Equity | CN¥2.54b |
| Total liabilities | CN¥1.03b |
| Total assets | CN¥3.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688586's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥773.3M).
Long Term Liabilities: 688586's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥253.8M).
Debt to Equity History and Analysis
Debt Level: 688586 has more cash than its total debt.
Reducing Debt: 688586's debt to equity ratio has reduced from 6.9% to 0.1% over the past 5 years.
Debt Coverage: 688586's debt is well covered by operating cash flow (3292.1%).
Interest Coverage: 688586 earns more interest than it pays, so coverage of interest payments is not a concern.