Zhongshan Broad-Ocean Motor Balance Sheet Health
Financial Health criteria checks 6/6
Zhongshan Broad-Ocean Motor has a total shareholder equity of CN¥9.2B and total debt of CN¥54.0M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥17.1B and CN¥7.9B respectively. Zhongshan Broad-Ocean Motor's EBIT is CN¥741.1M making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥3.9B.
Key information
0.6%
Debt to equity ratio
CN¥54.02m
Debt
| Interest coverage ratio | -5.2x |
| Cash | CN¥3.88b |
| Equity | CN¥9.18b |
| Total liabilities | CN¥7.91b |
| Total assets | CN¥17.09b |
Recent financial health updates
Zhongshan Broad-Ocean Motor (SZSE:002249) Could Easily Take On More Debt
Sep 25
Zhongshan Broad-Ocean Motor (SZSE:002249) Has A Rock Solid Balance Sheet
Jun 10Recent updates
With EPS Growth And More, Zhongshan Broad-Ocean Motor (SZSE:002249) Makes An Interesting Case
Oct 28We Like These Underlying Return On Capital Trends At Zhongshan Broad-Ocean Motor (SZSE:002249)
Oct 13Zhongshan Broad-Ocean Motor (SZSE:002249) Could Easily Take On More Debt
Sep 25We Think Zhongshan Broad-Ocean Motor's (SZSE:002249) Robust Earnings Are Conservative
Sep 02Market Still Lacking Some Conviction On Zhongshan Broad-Ocean Motor Co., Ltd. (SZSE:002249)
Aug 01Zhongshan Broad-Ocean Motor (SZSE:002249) Has A Rock Solid Balance Sheet
Jun 10Returns Are Gaining Momentum At Zhongshan Broad-Ocean Motor (SZSE:002249)
Apr 24Zhongshan Broad-Ocean Motor Co., Ltd.'s (SZSE:002249) Earnings Are Not Doing Enough For Some Investors
Mar 20Financial Position Analysis
Short Term Liabilities: 002249's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 002249's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 002249 has more cash than its total debt.
Reducing Debt: 002249's debt to equity ratio has reduced from 24.8% to 0.6% over the past 5 years.
Debt Coverage: 002249's debt is well covered by operating cash flow (3578.9%).
Interest Coverage: 002249 earns more interest than it pays, so coverage of interest payments is not a concern.