Avic Aviation High-Technology Balance Sheet Health
Financial Health criteria checks 6/6
Avic Aviation High-Technology has a total shareholder equity of CN¥7.2B and total debt of CN¥3.0M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥10.1B and CN¥2.8B respectively. Avic Aviation High-Technology's EBIT is CN¥1.3B making its interest coverage ratio -60.8. It has cash and short-term investments of CN¥1.5B.
Key information
0.04%
Debt to equity ratio
CN¥3.00m
Debt
| Interest coverage ratio | -60.8x |
| Cash | CN¥1.49b |
| Equity | CN¥7.22b |
| Total liabilities | CN¥2.85b |
| Total assets | CN¥10.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600862's short term assets (CN¥7.7B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 600862's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥289.7M).
Debt to Equity History and Analysis
Debt Level: 600862 has more cash than its total debt.
Reducing Debt: 600862's debt to equity ratio has reduced from 16.3% to 0.04% over the past 5 years.
Debt Coverage: 600862's debt is well covered by operating cash flow (6624.1%).
Interest Coverage: 600862 earns more interest than it pays, so coverage of interest payments is not a concern.