AVIC Xi'an Aircraft Industry Group Balance Sheet Health
Financial Health criteria checks 4/6
AVIC Xi'an Aircraft Industry Group has a total shareholder equity of CN¥19.8B and total debt of CN¥290.1M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥77.9B and CN¥58.0B respectively. AVIC Xi'an Aircraft Industry Group's EBIT is CN¥720.3M making its interest coverage ratio -2.5. It has cash and short-term investments of CN¥8.5B.
Key information
1.5%
Debt to equity ratio
CN¥290.07m
Debt
Interest coverage ratio | -2.5x |
Cash | CN¥8.52b |
Equity | CN¥19.85b |
Total liabilities | CN¥58.01b |
Total assets | CN¥77.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000768's short term assets (CN¥62.5B) exceed its short term liabilities (CN¥59.8B).
Long Term Liabilities: 000768's short term assets (CN¥62.5B) do not cover its long term liabilities (CN¥-1.7B).
Debt to Equity History and Analysis
Debt Level: 000768 has more cash than its total debt.
Reducing Debt: 000768's debt to equity ratio has reduced from 6.6% to 1.5% over the past 5 years.
Debt Coverage: 000768's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000768 earns more interest than it pays, so coverage of interest payments is not a concern.