Zhongshan Broad-Ocean Motor Balance Sheet Health
Financial Health criteria checks 6/6
Zhongshan Broad-Ocean Motor has a total shareholder equity of CN¥8.9B and total debt of CN¥47.9M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥16.6B and CN¥7.7B respectively. Zhongshan Broad-Ocean Motor's EBIT is CN¥738.0M making its interest coverage ratio -5.1. It has cash and short-term investments of CN¥3.8B.
Key information
0.5%
Debt to equity ratio
CN¥47.86m
Debt
| Interest coverage ratio | -5.1x |
| Cash | CN¥3.79b |
| Equity | CN¥8.94b |
| Total liabilities | CN¥7.67b |
| Total assets | CN¥16.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002249's short term assets (CN¥11.0B) exceed its short term liabilities (CN¥6.7B).
Long Term Liabilities: 002249's short term assets (CN¥11.0B) 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 29.4% to 0.5% over the past 5 years.
Debt Coverage: 002249's debt is well covered by operating cash flow (4824.3%).
Interest Coverage: 002249 earns more interest than it pays, so coverage of interest payments is not a concern.