Zhongshan Broad-Ocean Motor Balance Sheet Health
Financial Health criteria checks 6/6
Zhongshan Broad-Ocean Motor has a total shareholder equity of CN¥9.0B and total debt of CN¥80.7M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥16.7B and CN¥7.7B respectively. Zhongshan Broad-Ocean Motor's EBIT is CN¥627.0M making its interest coverage ratio -4. It has cash and short-term investments of CN¥3.2B.
Key information
0.9%
Debt to equity ratio
CN¥80.73m
Debt
Interest coverage ratio | -4x |
Cash | CN¥3.16b |
Equity | CN¥8.99b |
Total liabilities | CN¥7.74b |
Total assets | CN¥16.73b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002249's short term assets (CN¥10.6B) exceed its short term liabilities (CN¥6.8B).
Long Term Liabilities: 002249's short term assets (CN¥10.6B) exceed its long term liabilities (CN¥969.3M).
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 31% to 0.9% over the past 5 years.
Debt Coverage: 002249's debt is well covered by operating cash flow (1971.5%).
Interest Coverage: 002249 earns more interest than it pays, so coverage of interest payments is not a concern.