CIMC Vehicles (Group) Balance Sheet Health
Financial Health criteria checks 6/6
CIMC Vehicles (Group) has a total shareholder equity of CN¥14.6B and total debt of CN¥914.2M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are CN¥24.1B and CN¥9.5B respectively. CIMC Vehicles (Group)'s EBIT is CN¥1.1B making its interest coverage ratio -8.5. It has cash and short-term investments of CN¥6.3B.
Key information
6.3%
Debt to equity ratio
CN¥914.17m
Debt
| Interest coverage ratio | -8.5x |
| Cash | CN¥6.26b |
| Equity | CN¥14.62b |
| Total liabilities | CN¥9.53b |
| Total assets | CN¥24.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301039's short term assets (CN¥16.9B) exceed its short term liabilities (CN¥9.1B).
Long Term Liabilities: 301039's short term assets (CN¥16.9B) exceed its long term liabilities (CN¥457.6M).
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 16.2% to 6.3% over the past 5 years.
Debt Coverage: 301039's debt is well covered by operating cash flow (223.3%).
Interest Coverage: 301039 earns more interest than it pays, so coverage of interest payments is not a concern.