CIMC Vehicles (Group) Balance Sheet Health
Financial Health criteria checks 6/6
CIMC Vehicles (Group) has a total shareholder equity of CN¥14.9B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are CN¥24.4B and CN¥9.4B respectively. CIMC Vehicles (Group)'s EBIT is CN¥1.3B making its interest coverage ratio -18.5. It has cash and short-term investments of CN¥6.0B.
Key information
7.0%
Debt to equity ratio
CN¥1.05b
Debt
Interest coverage ratio | -18.5x |
Cash | CN¥5.97b |
Equity | CN¥14.95b |
Total liabilities | CN¥9.43b |
Total assets | CN¥24.38b |
Recent financial health updates
Recent updates
We Think CIMC Vehicles (Group) (SZSE:301039) Can Stay On Top Of Its Debt
Aug 01CIMC Vehicles (Group) (SZSE:301039) Is Reinvesting At Lower Rates Of Return
Jul 14Earnings Working Against CIMC Vehicles (Group) Co., Ltd.'s (SZSE:301039) Share Price
Jun 26Is There Now An Opportunity In CIMC Vehicles (Group) Co., Ltd. (SZSE:301039)?
Jun 08Financial Position Analysis
Short Term Liabilities: 301039's short term assets (CN¥17.1B) exceed its short term liabilities (CN¥8.8B).
Long Term Liabilities: 301039's short term assets (CN¥17.1B) exceed its long term liabilities (CN¥594.2M).
Debt to Equity History and Analysis
Debt Level: 301039 has more cash than its total debt.
Reducing Debt: 301039's debt to equity ratio has reduced from 21.7% to 7% over the past 5 years.
Debt Coverage: 301039's debt is well covered by operating cash flow (139.1%).
Interest Coverage: 301039 earns more interest than it pays, so coverage of interest payments is not a concern.