United Faith Auto-EngineeringLtd Balance Sheet Health
Financial Health criteria checks 6/6
United Faith Auto-EngineeringLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥24.8M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CN¥1.6B and CN¥391.3M respectively. United Faith Auto-EngineeringLtd's EBIT is CN¥43.3M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥818.7M.
Key information
2.0%
Debt to equity ratio
CN¥24.79m
Debt
Interest coverage ratio | -3.4x |
Cash | CN¥818.70m |
Equity | CN¥1.24b |
Total liabilities | CN¥391.34m |
Total assets | CN¥1.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301112's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥362.9M).
Long Term Liabilities: 301112's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥28.5M).
Debt to Equity History and Analysis
Debt Level: 301112 has more cash than its total debt.
Reducing Debt: 301112's debt to equity ratio has reduced from 7.3% to 2% over the past 5 years.
Debt Coverage: 301112's debt is well covered by operating cash flow (192.4%).
Interest Coverage: 301112 earns more interest than it pays, so coverage of interest payments is not a concern.