Anhui Anfu Battery Technology Co.,Ltd

XSSC:603031 Stock Report

Market Cap: CN¥6.3b

Anhui Anfu Battery TechnologyLtd Balance Sheet Health

Financial Health criteria checks 5/6

Anhui Anfu Battery TechnologyLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are CN¥6.9B and CN¥2.9B respectively. Anhui Anfu Battery TechnologyLtd's EBIT is CN¥964.3M making its interest coverage ratio 27.1. It has cash and short-term investments of CN¥1.2B.

Key information

53.1%

Debt to equity ratio

CN¥2.10b

Debt

Interest coverage ratio27.1x
CashCN¥1.16b
EquityCN¥3.95b
Total liabilitiesCN¥2.91b
Total assetsCN¥6.86b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 603031's short term assets (CN¥1.9B) do not cover its short term liabilities (CN¥2.2B).

Long Term Liabilities: 603031's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥696.6M).


Debt to Equity History and Analysis

Debt Level: 603031's net debt to equity ratio (23.7%) is considered satisfactory.

Reducing Debt: 603031's debt to equity ratio has reduced from 77.8% to 53.1% over the past 5 years.

Debt Coverage: 603031's debt is well covered by operating cash flow (51.5%).

Interest Coverage: 603031's interest payments on its debt are well covered by EBIT (27.1x coverage).


Balance Sheet


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